REQUIREMENT OF OBTAINING UNIQUE IDENTIFICATION NUMBERSSecurities and Exchange Board of India (Central Database Of Market Participants) Regulations, 2003
REQUIREMENT OF OBTAINING UNIQUE IDENTIFICATION NUMBERSSecurities and Exchange Board of India (Central Database Of Market Participants) Regulations, 2003
Central Database definitions establish the scope, categories, and unique identification requirements for market participants under securities regulations. Regulation 2 defines terms for the Central Database regime: it identifies covered classes as market participants, mandates generation and allotment of a ... Summary
Central Database definitions establish the scope, categories, and unique identification requirements for market participants under securities regulations.
Regulation 2 defines terms for the Central Database regime: it identifies covered classes as market participants, mandates generation and allotment of a unique identification number stored in the Central Database, and designates a Designated Service Provider to create and maintain the database. The regulation supplies detailed definitions for relational categories (associate, promoter, relative, related persons, designated employee), clarifies exclusions, and sets a hierarchy of statutory sources for undefined terms while empowering the Board to notify specified intermediaries, investors, and listed companies.
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