Legal Entity Identifier Flashcards
1
Q
What it is
A
It is an 20 character global reference number conceived by G20 that uniquely identifies every legal entity or structure that is party to Financial institutions
2
Q
Who implements it globally and in India
A
Across globe by Global legal entity
In India by Legal Entity Identifier India ltd
3
Q
Was it there in 2011
A
No it is recently mandated by RBI to all market participants other than induvidals
