Legal Entity Identifier requirement mandates LEI for OTC derivatives participants, making LEI mandatory to continue market participation. A mandatory Legal Entity Identifier has been introduced for all participants in OTC rupee interest rate, foreign currency and credit derivatives markets; failure to obtain an LEI by the regulator's phased deadlines will render entities ineligible to participate. LEIs must be obtained from GLEIF accredited Local Operating Units, with a recognised issuer available domestically. Entities must comply with application, documentation and renewal procedures; lapsed LEIs are invalid for Trade Repository reporting. The requirement is issued under the regulator's statutory authority and applies to both current and future participants.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Legal Entity Identifier requirement mandates LEI for OTC derivatives participants, making LEI mandatory to continue market participation.
A mandatory Legal Entity Identifier has been introduced for all participants in OTC rupee interest rate, foreign currency and credit derivatives markets; failure to obtain an LEI by the regulator's phased deadlines will render entities ineligible to participate. LEIs must be obtained from GLEIF accredited Local Operating Units, with a recognised issuer available domestically. Entities must comply with application, documentation and renewal procedures; lapsed LEIs are invalid for Trade Repository reporting. The requirement is issued under the regulator's statutory authority and applies to both current and future participants.
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