NSE Circular on : Updation of mandatory fields for existing clients to be effective from January 1, 2022
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28-12-2021 |
NSE |
Updation of mandatory fields for existing clients to be effective from January 1, 2022 |
UCC |
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Highlights of NSE Circular dated December 28, 2021 Updation of mandatory fields for existing clients to be effective from January 1, 2022 NSE, vide Circular no. NSE/INSP/50574 dated December 13, 2021 has prescribed additional eligibility criteria for the auditors qualified to conduct internal audit of members
The additional criteria and the effective date of its applicability are as under:
Further to NSE Circulars No. NSE/ISC/48165 date May 03, 2021, No. NSE/ISC/49094 dated July 28, 2021, and circular No. NSE/ISC/49740 dated September 27, 2021, wherein with respect to the existing clients, the timelines for updating of 6 KYC attributes and additional information pertaining to custodian settled clients was extended up to
December 31, 2021, NSE has advised all Members to note that with effect from January 1, 2022, the 6 KYC attributes Name, Complete address (including PIN code No. in case of address of India), PAN, valid Mobile number, Valid email-id, Income details/range along with additional information pertaining to custodian settled client is mandatory.
NSE has further informed that in case the UCC is not updated by the trading member / not approved by the Exchange in the UCC system prior to execution of trade, the trading member shall be liable for penalty @ Rs.10,000/- per UCC per day till the same is updated and approved in the UCC system of the Exchange and any other disciplinary action that the Exchange may deem fit.
NSE Circular no. NSE/ISC/50802 dated December 28, 2021 is enclosed herewith for your ready reference
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 |
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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 |
|
28-12-2021 |
NSE |
Updation of mandatory fields for existing clients to be effective from January 1, 2022 |
UCC |
|
|
|||
|
Highlights of NSE Circular dated December 28, 2021 Updation of mandatory fields for existing clients to be effective from January 1, 2022 |
Further to NSE Circulars No. NSE/ISC/48165 date May 03, 2021, No. NSE/ISC/49094 dated July 28, 2021, and circular No. NSE/ISC/49740 dated September 27, 2021, wherein with respect to the existing clients, the timelines for updating of 6 KYC attributes and additional information pertaining to custodian settled clients was extended up to December 31, 2021, NSE has advised all Members to note that with effect from January 1, 2022, the 6 KYC attributes Name, Complete address (including PIN code No. in case of address of India), PAN, valid Mobile number, Valid email-id, Income details/range along with additional information pertaining to custodian settled client is mandatory.
NSE has further informed that in case the UCC is not updated by the trading member / not approved by the Exchange in the UCC system prior to execution of trade, the trading member shall be liable for penalty @ Rs.10,000/- per UCC per day till the same is updated and approved in the UCC system of the Exchange and any other disciplinary action that the Exchange may deem fit.
NSE Circular no. NSE/ISC/50802 dated December 28, 2021 is enclosed herewith for your ready reference
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 |