https://www.taxtmi.com/circulars?id=65280 AD Category I banks must obtain and validate the Legal Entity Identifier (LEI) from resident non-individuals undertaking capital or current account large-value transactions from October 1, 2022; once an entity has an LEI it must be reported in all its transactions. Non-resident counterparties may be processed if LEI is unavailable to avoid disruption. Banks must capture LEI data, validate it against the GLEIF global database, encourage voluntary early adoption, and inform constituents that LEIs can be obtained from GLEIF-accredited Local Operating Units, including the recognised Indian issuer. en-us Fri, 10 Dec 2021 00:00:00 +0530 Fri, 10 Dec 2021 17:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=65280 AD Category I banks must obtain and validate the Legal Entity Identifier (LEI) from resident non-individuals undertaking capital or current account large-value transactions from October 1, 2022; once an entity has an LEI it must be reported in all its transactions. Non-resident counterparties may be processed if LEI is unavailable to avoid disruption. Banks must capture LEI data, validate it against the GLEIF global database, encourage voluntary early adoption, and inform constituents that LEIs can be obtained from GLEIF-accredited Local Operating Units, including the recognised Indian issuer. Circulars FEMA Fri, 10 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/circulars?id=65280