Master Direction - Reserve Bank of India (Unique Identifiers in Financial Markets) Directions, 2026

RBI/FMRD/2025-26/392
FMRD.MIOD.No.9/11.01.057/2025-26
 

March 27, 2026

To

All eligible market participants

Madam / Sir,

Master Direction - Reserve Bank of India (Unique Identifiers in Financial Markets) Directions, 2026
 

Identifiers such as the Legal Entity Identifier (LEI) and Unique Transaction Identifier (UTI) are key global standards for promoting transparency in the financial markets.
 

2. The Reserve Bank has mandated the implementation of LEI and UTI for transactions in financial markets regulated by it. The directions for the implementation of these unique identifiers have been issued through various circulars, as set out in Annex. The directions have now been consolidated and issued in this Master Direction.
 

3. The Master Direction has been issued in exercise of the powers conferred under section 45W of the Reserve Bank of India Act, 1934, read with section 45U of the Act and of all the powers enabling it in this behalf.
 

Yours faithfully,

(Dimple Bhandia)
Chief General Manager

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