Issue of Unique Client Code by Exchanges for Mutual Funds and FIIs

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....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 interests of investors in securities and to promote the development of, and to re....

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....tems 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, rules and regulations for the implementation of the above decision immedi....