Amendments to provisions in SEBI Circular dated September 16, 2016 on Unique Client Code (UCC) and mandatory requirement of Permanent Account Number (PAN).

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....tock Exchanges and Clearing Corporations having Commodity Derivatives Segment Sir/Madam, Sub: Amendments to provisions in SEBI Circular dated September 16, 2016 on Unique Client Code (UCC) and mandatory requirement of Permanent Account Number (PAN). 1. SEBI had issued circular no. SEBI/HO/CDMRD/DMP/CIR/P/2016/87 dated September 16, 2016 which, inter-alia, provided guidelines on use of Uni....

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....hanges having commodity derivatives segment to use Unique Client Code (UCC) for all clients transacting on the commodity derivative segment. The exchanges with commodity derivatives segment shall not allow execution of trades without uploading of the UCC details by the members of the exchange. For this purpose, members shall collect after verifying the authenticity and maintain in their back offic....

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....he details on the website of IT Department and maintain the soft copy of PAN in their records." iii. upload details of PAN or e-PAN so collected to the Exchanges as part of Unique Client code. iv. verify the documents with respect to the unique code and retain a copy of the document. 4. The provisions of this circular shall come into effect from April 1, 2021. All other provis....