Trading Supported by Blocked Amount in Secondary Market - Revised file format UCC

• Notice No: 20231223-3
• Notice Date: 23 Dec 2023
• Category: Compliance
• Segment: General

To All Members,

This has reference to the SEBI circular no. SEBI /HO/MRD/MRD-PoD-2/P/CIR/2023/99 dated June 23, 2023, and Exchange notice no. 20230626-68 dated June 26, 2023, notice no. 20231018-39 dated October 18, 2023 and 20231211-51 dated December 11, 2023 regarding "Trading supported by Blocked Amount in Secondary Market.”

In the above-mentioned notices, revised UCC file format had been provided and was made available to Trading members in UAT environment for testing. Further Exchange vide its notice no. 20231211-51 dated December 11, 2023 had mentioned that the revised file format of UCC would be made “LIVE” with effect from December 26, 2023.

Based on representations from Trading Members, it has been decided that the effective date for implementing the revised file format of UCC for uploading or modifying client details in the UCC system is postponed to a further date which shall be communicated shortly. In the interim, for uploading or modifying UCC details for clients desirous of availing Trading supported by Blocked Amount in Secondary Market, Trading Members would be provided with a facility which shall be announced shortly. It may be noted that the effective date for the ‘Unified Payments Interface (UPI) block mechanism’ remains unchanged, i.e. January 1, 2024.

Trading Members are advised to take note and await further guidance on the same. 

In case of any queries/clarifications, you may reach us on the following contact details.

Contact Nos.	Email ID
022- 2272 8435/5785	[e-mail]

For and on behalf of BSE Ltd.

Hiteshkumar Desai                                       Jyoti Thukral

General Manager                                          Sr. Manager     

Inspection                                                      Inspection