Market participants will be required to use a Unique Transaction Identifier (UTI) for all over-the-counter (OTC) derivative transactions from January 1, 2027, per the final RBI guidelines on UTI use.The draft circular on UTI for OTC Derivative Transactions in India had proposed that the instructions on its use will come into effect from April 1, 2026.The extended timeline in the final circular is intended to provide sufficient time for market participants to build the necessary technical capabilities.UTI ha ...