TMI BlogUnique Client Code for Foreign Institutional Investors (FIIs) and their sub-accounts(SAs)X X X X Extracts X X X X X X X X Extracts X X X X ..... oreign 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 Exchanges and for the purp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 investors in securities and to promote the development of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t Department e-mail : pkb@sebi.gov.in SEBI/SMD/SE/11/2003/31/03 March 31, 2003 To Managing 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 o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ode for Mutual Funds and each scheme of a Mutual Fund, Foreign Institutional Investors (FIIs) and their 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 mu ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
