Legal Entity Identifier for All Non-Individual FPIs

In order to improve the quality and accuracy of financial data systems, all non-individual FPIs were mandated to provide their Legal Entity Identifier (LEI) details in the Common Application Form (CAF). Further, FPIs were also mandated to ensure that their LEI is active at all times. Accounts of FPIs with expired/lapsed LEI codes were blocked for further purchases in the securities market untill the time their LEI code was renewed.