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of <h1>Stock Brokers Required to Map Unique Client Codes with Demat Accounts by December 31, 2019, to Prevent Misuse.</h1> The circular mandates the mapping of Unique Client Codes (UCC) with clients' demat accounts to enhance reconciliation and prevent the diversion of securities by stock brokers. Stock Exchanges and Depositories must implement a mechanism to map UCCs, involving sharing UCC data, including PAN and trading details, by November 30, 2019, and updating it daily. Clients can request changes to UCC details through depository participants. Measures must be in place to handle complaints and prevent misuse of inactive UCCs. The mapping of existing UCCs must be completed by December 31, 2019, with compliance reported to SEBI monthly.
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