SEBI mandates reporting of Legal Entity Identifier code for issuers who have listed or are proposing to list non-convertible securities, securitised debt instruments, security receipts

Securities and Exchange Board of India mandates that issuers having –

• outstanding listed non-convertible securities as on August 31, 2023 and
• outstanding listed securitised debt instruments and security receipts as on August 31, 2023

must report / obtain and report Legal Entity Identifier (“LEI”) code in the Centralized Database of corporate bonds and to the Depositories, respectively by 1st September, 2023.

Additionally for all issuers proposing to issue and list non-convertible securities, securitised debt instruments or security receipts after 1st September, 2023 must report their LEI code in the Centralized Database of corporate bonds and to the Depositories, respectively.

Timeline for Non-convertible Securities –

• Issuer proposing to issue and list non-convertible security must obtain and report LEI on or after September 1, 2023
• Issuer having outstanding listed non-convertible security as on August 31, 2023 must obtain and report LEI on or before September 1, 2023

Timeline for Securitised Debt Instrument –

• Issuer proposing to issue and list Securitised Debt Instruments and Security Receipts must report LEI on or after September 1, 2023
• Issuer having outstanding listed Securitised Debt Instruments and Security Receipts as on August 31, 2023 must obtain and report LEI on or before September 1, 2023

LEI is a unique global identifier for legal entities participating in financial transactions. LEI is designed to create a global reference data system that uniquely identifies every legal entity, in any jurisdiction, that is party to a financial transaction. It is a unique 20-character code to identify legally distinct entities that engage in financial transactions.

 Source: Securities and Exchange Board of India