2. Based on the feedback and requests received from market participants, in the context of the difficulties arising from the outbreak of novel coronavirus disease (COVID-19), and with a view to enabling smoother implementation of the LEI system in non-derivative markets, the timeline for implementation (Phase III) is extended as under:
Phase
Net Worth of Entities
Current Deadline
Extended Deadline
Phase III
Up to ₹ 200 crore
March 31, 2020
September 30, 2020
3. These directions are issued under section 45W, read with section 45U, of the Reserve Bank of India Act, 1934.
Yours faithfully
(Dimple Bhandia) General Manager-in-Charge
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