UCC-demat mapping: exchanges must share UCC data with depositories to detect securities diversion and enable reconciliation. Stock exchanges must share UCC data (including PAN, segment, TM/CM code and UCC) with depositories, which shall map UCCs to clients' demat accounts using PAN and validate any addition with the stock exchange or client; clients may request de-linking or addition of UCCs through their depository participants, and exchanges and depositories must maintain complaint-resolution mechanisms and controls to prevent misuse of inactive or non-operational UCCs.
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.
UCC-demat mapping: exchanges must share UCC data with depositories to detect securities diversion and enable reconciliation.
Stock exchanges must share UCC data (including PAN, segment, TM/CM code and UCC) with depositories, which shall map UCCs to clients' demat accounts using PAN and validate any addition with the stock exchange or client; clients may request de-linking or addition of UCCs through their depository participants, and exchanges and depositories must maintain complaint-resolution mechanisms and controls to prevent misuse of inactive or non-operational UCCs.
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