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of <h1>Mandatory PAN for Cash Market Trading from Oct 1, 2006; Compliance Extended to Dec 31, 2006.</h1> The circular addresses the mandatory requirement of a Permanent Account Number (PAN) for trading in the cash market, effective from October 1, 2006. It provides clarifications following representations from market participants. Key points include exemptions from PAN verification for institutional clients through custodians, an extension of the compliance deadline to December 31, 2006, and applicability of previous clarifications to cash market trading. Depositories and stock exchanges are instructed to amend relevant rules, disseminate information, and report implementation status. The circular aims to protect investor interests and regulate the securities market under the SEBI Act, 1992.
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