Unique Client Code requirement for FIIs to identify trades and strengthen market risk management before trading. SEBI requires Foreign Institutional Investors (FIIs) and their sub-accounts to obtain and use a Unique Client Code issued by the stock exchanges to identify trades and improve risk management; FIIs may authorise custodians to obtain UCCs and newly registered FIIs/sub-accounts must obtain UCCs before commencing trading, with UCC use to be made compulsory from a future notified date.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Unique Client Code requirement for FIIs to identify trades and strengthen market risk management before trading.
SEBI requires Foreign Institutional Investors (FIIs) and their sub-accounts to obtain and use a Unique Client Code issued by the stock exchanges to identify trades and improve risk management; FIIs may authorise custodians to obtain UCCs and newly registered FIIs/sub-accounts must obtain UCCs before commencing trading, with UCC use to be made compulsory from a future notified date.
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