Earlier, Reserve Bank Of India hasissued CircularNo.FMRD.FMID.No.10/11.01.007/2018-19dated 29-11-2018on requirement of Legal Entity Identifier (LEI) for participation in non-derivative markets.LEI is a 20-character unique code assigned to entities who are parties to a financial transaction. All participants, other than individuals, undertaking transactions in the markets regulated by RBI and non-derivative forex markets shall obtain LEI codes by the due date specified in that circular. RBIvide Notification No.RBI/2018-19/177dated 26-04-2019 extended the due dates to apply for LEI code as follows:
| Phase | Net Worth of Entities | Current Deadline | Extended Deadline |
| Phase I | Above Rs.10000 million | April 30, 2019 | December 31, 2019 |
| Phase II | Between Rs.2000 million& Rs.10000 million | August 31, 2019 | December 31, 2019 |
| Phase III | Upto Rs.2000million | March 31, 2020 | March 31, 2020 |
https://www.rbi.org.in/scripts/NotificationUser.aspx?Id=11547&Mode=0