Mapping of Unique Client Code (UCC) with demat account of the clients

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..... MIRSD/DOP/CIR/P/2018/153 dated December 17, 2018, Early Warning Mechanism was put in place to detect the diversion of client's securities by the stock broker at an early stage so as to take appropriate preventive measures. Early Warning circular, inter-alia, specified that Stock Exchanges / Clearing Corporations / Depositories, shall devise a mechanism to detect diversion of clients' securities an .....

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..... he discussion with Stock Exchanges and Depositories, it has been decided that for mapping of UCC with the demat account of the clients, following mechanism shall be implemented: 1.1. UCC allotted by the trading member (TM) to the client shall be mapped with the demat account of the client. 1.2. A client may trade through multiple TMs in which case each such UCC shall be mapped with one or more .....

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..... all have a mechanism in place to address clients' complaints with regard to UCC mapping with their demat accounts. 1.7. Stock Exchanges and Depositories shall have a mechanism in place to ensure that inactive, non-operational UCCs are not misused and also a mechanism to ensure that inactive, non-operational UCCs are weeded out in the process of mapping clients' UCC with their demat account. 2. .....

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