The Reserve Bank of India has mandated the phase-wise implementation of the LEI system for borrowers of banks and FIs in India greater than 5 crores. Entities without an LEI code are not to be granted renewal / enhancement of credit facilities.
LEIL has appointed Rubix Data Sciences Private Limited (https://rubixds.com/) , a technology driven analytics-based company , as its first Validation Agent . Rubix partners with LEIL to carry out validation process while issuing /renewing LEIs to Indian entities.
LEIL Rules have been amended to incorporate changes with respect to GLEIF requirements, introduction of the Validation Agent (as approved by GLEIF) and few other changes necessitated on account of operational requirements. The amended LEIL Rules will be effective from March 14 2022.
Please click here to read them
We are happy to inform that LEIL has developed an API facility for LEI search and is available to test in mock environment.
Read more
Please click here to know the Renewal Process
LEIL announces the reduction of fees for New Registration with effect from 1st Jan 2019.
Read more