LEI Code Mandates in India
Date Asset Class/Market Participants Particulars Circular
02-06-2017 OTC derivatives markets

The Reserve Bank of India has mandated the implementation of the LEI system for all participants in the Over-the-Counter (OTC) markets for Rupee Interest Rate derivatives, foreign currency derivatives and credit derivatives

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02-11-2017 Large corporate borrowers

The Reserve Bank of India has mandated the phase-wise implementation of the LEI system for all borrowers of banks in India. Entities without an LEI code are not to be granted renewal / enhancement of credit facilities

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29-11-2019 Non derivative markets

The Reserve Bank of India has mandated the phase-wise implementation of the LEI system for Non-derivative markets include Government securities markets, money markets and non-derivative forex markets (cash, tom and spot transactions).

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29-10-2019 Eligible Foreign Entities

Securities and Board of India has mandated LEI code for Eligible Foreign Entities (EFEs) in the commodity derivatives market

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06-06-2020 Insurers/Corporate borrowers The Insurance Regulatory and Development Authority of India (IRDAI) has mandated implementation of the LEI system for all insurers and their corporate borrowers. Download
05-01-2021 RTGS/NEFT Transactions The Reserve Bank of India has mandated the LEI Number for all payment transactions of value ₹50 crore and above undertaken by entities (non-individuals) for Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT). Download
10-12-2021 Cross Border Transactions The Reserve Bank of India has mandated the LEI Number for cross border transactions such as capital or current account transactions of ₹50 crore and above. The timeline to obtain LEI Number is October 1,2022. Download
21-03-2022 Legal Entity Identifier (LEI) for Borrowers 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. Download