With the aim to improve the quality and accuracy of financial data, the following entities are required to avail LEI Code:
- Insurers – on or before July 31, 2020
- Insurers existing corporate borrowers (with total exposures ≥ Rs. 50 crores)- on or before June 30, 2020
It is also provided that no renewal/enhancement of credit facilities or no new loan facility shall be sanctioned by the insurers without LEI information.
Effective date: June 05, 2020