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TMI BlogUnique client codeX X X X Extracts X X X X X X X X Extracts X X X X ..... the discussions in the meeting of the Group on Risk Management Systems for the Equity Markets held on May 02, 2001, it was decided that every investor should have a unique ID. In this regard, it will be mandatory for all brokers to use unique client codes for all clients. For this purpose, brokers shall collect and maintain in their back office the Permanent Account Number (PAN) allotted by Inco ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... elf is the investing entity) and their sub-accounts, SEBI registration number for FIIs and sub-account shall be used until the PAN No. is allotted. 2. For tax paying body corporates, the unique registration number issued by the relevant regulatory authority shall be used till the time the PAN is allotted. Regulatory authorities may be Department of Company Affairs, Securities and Exchange Board ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... shall be required to maintain a database of client details submitted by brokers. Historical records of all quarterly submissions shall be maintained for a period of seven years by the exchanges. The Exchanges are advised to direct members to include a new clause no. 7 as given below in the format of the Member-Client Agreement prescribed by our earlier circular dated April 11, 1997 as given belo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ers shall maintain and preserve for a period of seven years a mapping of client IDs used at the time of order entry in the trading system with those unique client IDs along with client name, address and other particulars given in the Know Your Client form. The Stock Exchanges shall ensure that all the brokers comply with the above requirements. Yours faithfully, P K Kuriachen General Mana ..... X X X X Extracts X X X X X X X X Extracts X X X X
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