Tag: foreign currency

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ECB end-use restrictions for all eligible borrowers

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With the objective of promoting ease of doing business in India, the Reserve Bank of India (“RBI”) has simplified and liberalised the erstwhile framework on external commercial borrowings/foreign currency denominated loans and the rupee denominated loans by notifying the Foreign Exchange Management (Borrowing and Lending) Regulations, 2018 (“ECB Regulations”) issued vide Notification No. FEMA 3 […]

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Requirement for obtaining Legal Entity Identifier code (LEI)

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MANDATORY REGISTRATION AS LEGAL ENTITY IDENTIFIER (LEI) FOR OTC DERIVATIVES MARKETS The Reserve Bank of India vide its circular RBI/2016-17/314 FMRD.FMID No.14/11.01.007/2016-17 dated June 01, 2017 has mandated the implementation of the LEI system for all participants (existing & future) in the Over-the-Counter (OTC) markets for Rupee Interest Rate derivatives, foreign currency derivatives and credit […]

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