Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>SEBI Requires FIIs to Obtain Unique Client Codes for Improved Trade Identification and Risk Management.</h1> The Securities and Exchange Board of India (SEBI) mandates that Foreign Institutional Investors (FIIs) and their sub-accounts obtain Unique Client Codes (UCC) from either the Bombay Stock Exchange or the National Stock Exchange. This requirement aims to enhance trade identification and risk management in the Indian securities market. FIIs must inform member brokers of their UCCs when trading. They may authorize custodians to obtain UCCs on their behalf. This directive is issued under the SEBI Act, 1992, to protect investors and regulate the securities market. The implementation date for mandatory UCC use will be announced later.