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    <title>Permanent Account Number (PAN) to be the sole identification number for all transactions in the securities market</title>
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    <description>PAN is mandated as the sole identification number for all securities market participants and transactions; intermediaries must link client databases and transactions to PAN, collect and verify PAN cards and cross check details online, while exchanges and depositories must enable PAN based querying, amend rules, notify members, and report implementation status to the regulator, effective July 2, 2007.</description>
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      <description>PAN is mandated as the sole identification number for all securities market participants and transactions; intermediaries must link client databases and transactions to PAN, collect and verify PAN cards and cross check details online, while exchanges and depositories must enable PAN based querying, amend rules, notify members, and report implementation status to the regulator, effective July 2, 2007.</description>
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