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of <h1>SEBI Updates UCC and PAN Rules for Commodity Trading: Mandatory Verification Starting April 2021.</h1> The Securities and Exchange Board of India (SEBI) has amended provisions from its 2016 circular regarding the Unique Client Code (UCC) and the mandatory requirement of a Permanent Account Number (PAN) for trading on commodity derivative exchanges. Effective April 1, 2021, members must use UCC for all clients and verify PAN or e-PAN authenticity via the Income Tax Department's website, maintaining records accordingly. Exchanges must ensure compliance by updating relevant rules and informing members. These changes aim to streamline compliance and enhance the use of e-PAN, while other provisions from the 2016 circular remain in force.
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