To Trading Members
In continuation to our notice no. 20220324-55 dated March 24, 2022, 20220331-59 dated March 31, 2022, and 20220614-45 dated June 14, 2022, wherein it was informed, that only Compliant UCCs shall be allowed to place orders / bids w.e.f. July 01, 2022.
Pursuant to discussion between MIIs it has been decided that that the check for compliant UCC shall be effective from Monday, July 04, 2022. The complaint UCCs shall be validated at the time of order entry, trade modification and placement of bids in OFS, Tender Offers under Takeovers, Buy Back and Delisting (OTB Segment).
Members are required to ensure, that the UCCs for OWN (proprietary orders) and Clients are compliant with the below guidelines under all the segments (Equity, Equity Derivatives,Currency Derivatives, Commodity Derivatives, Securities' Lending and Borrowing and Debt):
1. Compliant with 6 KYC attributes viz Name, Complete address (including PIN code No. in case of address of India), PAN, valid Mobile number, Valid email-id, Income details/range.
2. Custodian details updated for clients availing custodian services.
3. PAN verification status of the client is Valid.
The trading members are advised to keep their non-compliant clients having open position informed of the aforesaid timelines. The clients not fulfilling the above guidelines shall not be permitted to trade w.e.f Monday, July 4, 2022, neither will be able to square up their open positions, until they comply with the aforesaid requirement. Eventually, such open positions will naturally expire on the expiry date of the respective contract.
The non-compliant UCCs on fulfilment of the conditions specified above and on due verification /approval of Exchange shall be considered compliant and permitted to trade by the Exchange only on the next trading day. The extant provisions not stated in this notice shall continue as defined in the previous notices.
Trading Members are advised to take note and comply with the above guidelines.
For and on behalf of BSE Ltd.
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Hiteshkumar Desai
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Jyoti Thukral
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Additional General Manager
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Sr. Manager
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Brokers’ Supervision
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Brokers’ Supervision
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