NSE Circular on : Multiple UCCs allotted to clients
Updates from SecMark
Facing issues in day to day processes, feeling inadequate control over your business.
“DESIGN & IMPLEMENT STANDARD OPERATING PROCEDURES”
Contact: 9869265949, in...@secmark.in
|
Date |
Issuer |
Subject |
Topic |
|
12-06-2021 |
NSE |
UCC |
|
|
|
|||
|
Highlights of NSE Circular dated June 12, 2021 on
Multiple UCCs allotted to clients
NSE has advised the Members to desist the practice of allotting multiple client codes to a retail single client and also informed that the use of such practice shall be treated violative of the unique client code requirement.
NSE also informed that the institutional client categories / NRI / PMS are exempted from this requirement
NSE Further informed that: •If a trading member has already allotted multiple UCC codes to a client in a segment, trading member is mandated to keep only one UCC code in the “Active” status and mark the other codes as “Inactive” or “Closed” whichever is applicable. •As mentioned in SEBI circular SEBI/HO/MIRSD/DOP/CIR/P/2019/136 dated November 15, 2019, the codes which are marked as “Active” only are sent to Depositories for mapping. Trading members are required to ensure that the trades are executed only in client codes marked as “Active” in the Exchange UCC system. •This requirement needs to be complied by the trading members by June 30, 2021. •The trading members are requested to adhere to the above guidelines to avoid any issues with respect to various services offered by Depositories including settlement of trades.
NSE Circular no. NSE/ ISC/ 48573 dated June 12, 2021 is enclosed herewith.
In case of any clarification or assistance required in implementation of this circular you may contact VANDANA VANIA (SecMark Consultancy Ltd.)– van...@secmark.in / 9223303460 SHARDUL SHAH - shard...@secmark.in/ 9869265949 / 9653415968 |
|||
Cracking your trading password can be easier than it appears.
“VULNERABILITY ASSESSMENT AND PENETRATION TESTING”
Contact: 9869265949, in...@secmark.in
