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of <h1>Centralized Database for Share Distinctive Numbers to Enhance Market Regulation and Investor Protection by End of 2015.</h1> The circular mandates the creation and maintenance of a centralized database for the Distinctive Numbers (DN) of shares by depositories, to ensure accurate reconciliation of a company's issued capital, both physical and dematerialized. Depositories, stock exchanges, issuers, and registrars are instructed to update and synchronize DN information, with a live update system to be implemented by September 30, 2015. Issuers and registrars must reconcile discrepancies by December 31, 2015, or face regulatory actions. The database will provide comprehensive details on issued capital, including DN ranges, ISINs, and listing statuses, to protect investor interests and enhance market regulation.
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