Should an AD bank obtain a valid LEI for transactions less than INR 50 crore even if the customer has not done any transaction of INR 50 crore or above on or after October 1, 2022?

Should an AD bank obtain a valid LEI for transactions less than INR 50 crore even if the customer has not done any transaction of INR 50 crore or above on or after October 1, 2022? https://www.taxtmi.com/manuals?id=5949 An Authorised Dealer bank must obtain and record a valid LEI for cross border transactions that meet or exceed the specified monetary threshold undertaken through it on or after October 1, 2022, and must thereafter report the valid LEI for all cross border transactions regardless of value; where the AD bank already holds a valid LEI for an entity it must report that LEI for all transactions of that entity irrespective of threshold. en-us Wed, 27 Nov 2024 13:08:00 +0530 Wed, 27 Nov 2024 13:08:00 +0530 TaxTMI RSS Generator Should an AD bank obtain a valid LEI for transactions less than INR 50 crore even if the customer has not done any transaction of INR 50 crore or above on or after October 1, 2022? https://www.taxtmi.com/manuals?id=5949 An Authorised Dealer bank must obtain and record a valid LEI for cross border transactions that meet or exceed the specified monetary threshold undertaken through it on or after October 1, 2022, and must thereafter report the valid LEI for all cross border transactions regardless of value; where the AD bank already holds a valid LEI for an entity it must report that LEI for all transactions of that entity irrespective of threshold. Manuals FEMA Wed, 27 Nov 2024 13:08:00 +0530 https://www.taxtmi.com/manuals?id=5949