Investors Must Apply for Unique ID with Designated Provider Under SEBI Regulations, 2003, as per Regulation 12 Amendments.
Every specified investor is required to apply to the Designated Service Provider for a unique identification number as per the Securities and Exchange Board of India (Central Database Of Market Participants) Regulations, 2003. This application must comply with sub-regulation (1) or sub-regulation (2) of regulation 12, following an amendment in 2004 that replaced the previous reference to sub-regulation (3) of regulation 12.
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