Unique Client Code for Foreign Institutional Investors (FIIs) and their sub-accounts(SAs)

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....) and their sub-accounts(SAs) SEBI vide circular No. SEBI/SMD/SE/11/2003/31/03 dated March 31, 2003(copy enclosed) had stipulated that the stock exchanges would generate Unique Client Codes (UCC) for institutional investors including FIIs and their sub-accounts. In order to identify the trades through multiple members of the Stock Exchanges and for the purpose of better risk management, it has b....

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....uthorise their respective custodians to obtain the said unique client codes for themselves as well as for each of their sub-accounts. This circular is being issued in exercise of powers conferred by Section 11(1) of the Securities and Exchange Board of India Act, 1992 to protect the interest of investors in securities and to promote the development of and to regulate the securities market. A cop....

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....in exercise of powers conferred by section 11 (1) of the Securities and Exchange Board of India Act, 1992, read with section 10 of the Securities Contracts(regulation) Act 1956, to protect the interests of investors in securities and to promote the development of, and to regulate the securities market. Please refer to SEBI circular no. SMDRP/POLICY/CIR-5/2003 dated February 12, 2003 regarding th....

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....ent practice of putting client IDs at the time of order entry in case of FIIs and mutual funds shall continue. The exchanges are directed to make necessary amendments to the bye-laws, rules and regulations for the implementation of the above decision immediately. The exchanges are directed to bring the provisions of this circular to the notice of the member brokers/clearing members of the exchan....