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    <title>RBI releases Draft Directions on requirement of Legal Entity Identifier Code for participation in non-derivative markets</title>
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    <description>The draft directions require non-individual participants in RBI-regulated non-derivative markets to obtain and maintain a Legal Entity Identifier (LEI) prior to transacting; trading and reporting platforms must capture transacting parties&#039; LEIs; LEIs may be obtained from accredited Local Operating Units, must remain current under Global LEI System rules, and a small-value exemption applies to certain foreign exchange transactions.</description>
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