Neha Redekar
Quick Summary
SEBI through its circular dated 3rd May, 2023 has made Legal Entity Identifier (LEI) code mandatory for issuer who have listed and/ or propose to list non-convertible securities, securitised debt instruments and security receipts. LEI is a unique global identifier for legal entities participating
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FAQ :
An LEI is a unique 20-character global identifier for legal entities participating in financial transactions, designed to create a reference data system.
LEI is now mandatory for issuers of non-convertible securities, securitised debt instruments, and security receipts.
Issuers with outstanding listed non-convertible securities, securitised debt instruments, or security receipts as of August 31, 2023, must obtain and report their LEI code on or before September 1, 2023.
Issuers proposing to issue and list these securities on or after September 1, 2023, must report their LEI code at the time of ISIN allotment.
In India, entities can obtain an LEI code from Legal Entity Identifier India Ltd (LEIIL), accredited by the Global Legal Entity Identifier Foundation (GLEIF).
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