TaxTMI 
TaxTMI 
Unique Client Code for Foreign Institutional Investors (FIIs) and their sub-accounts(SAs)
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.... Client Code for Foreign Institutional Investors (FIIs) 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 Exch....
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.... its own behalf or on behalf of its sub-account(s). • The FIIs may, if they so desire, authorise 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 ....
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.... Directors and Executive Directors Of all the stock exchanges Dear Sir/Madam, Sub :-Issue of Unique Client Code by Exchanges for Mutual Funds and FIIs This circular is being issued 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 interest....
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.... sub-accounts. As this would require the exchanges to put in place adequate systems and carry out software changes the exchanges are provided with three months time to implement the system. Till such time the present 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, ....