Current Affairs · Financial Identifiers & RBI Directions

Regarding the applicability and thresholds for the Legal Entity Identifier (LEI) under the Unique Identifiers in Financial Markets Directions, 2026, which of the following statements is/are correct? 1. The mandatory application of the Legal Entity Identifier (LEI) in non-derivative foreign exchange transactions is triggered only when the specific transaction value reaches a threshold of USD 1 million or greater. 2. For transactions in the over-the-counter (OTC) derivatives market, the Legal Entity Identifier (LEI) is required only if the deal value is USD 1 million or more. 3. Entities participating in over-the-counter (OTC) transactions in government securities and money markets must use a Legal Entity Identifier regardless of the transaction amount. 4. For non-derivative foreign exchange transactions below USD 1 million, participants are mandatory required to use a 52-character Unique Transaction Identifier (UTI) instead of an LEI. Select the correct option: