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<h1>SEBI Requires Non-Individual FPIs to Submit Legal Entity Identifier Within 180 Days to Avoid Trading Restrictions.</h1> The Securities and Exchange Board of India (SEBI) mandates that all non-individual Foreign Portfolio Investors (FPIs) must provide a Legal Entity Identifier (LEI), a unique 20-character code for identifying entities in financial transactions. This requirement, aimed at enhancing financial data accuracy and risk management, must be fulfilled within 180 days from the circular's issuance, or existing FPI accounts will be blocked for further purchases. New registrations will require LEI details, and FPIs must ensure their LEI remains active. The circular is effective immediately under SEBI's regulatory powers to protect investor interests and regulate the securities market.