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<h1>SEBI Requires Unique Client Codes for Mutual Funds and FIIs to Enhance Investor Protection and Market Regulation.</h1> The circular issued by the Securities and Exchange Board of India (SEBI) mandates the use of a Unique Client Code for Mutual Funds (MFs) and Foreign Institutional Investors (FIIs). MFs and FIIs must input these codes at the order entry level and allocate them to individual schemes and sub-accounts during the post-closing session. Stock Exchanges are instructed to implement mechanisms to facilitate this process, amend relevant rules, and inform brokers and clearing members. The circular, issued under Section 11(1) of the SEBI Act, 1992, aims to protect investors and regulate the securities market.