Mandatory requirement of Permanent Account Number (PAN) for transactions in the cash market

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..... irement of Permanent Account Number (PAN) for transactions in the cash market 1. As you are aware, PAN has been made mandatory for transacting in the Futures and Options market as well as for operating a Beneficiary Owner (BO) Account in the Depository system. 2. In continuation of the above and to further strengthen the Know Your Client (KYC) norms in the cash market with a view to facilitate s .....

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..... om October 1, 2006 transactions in the cash market are executed only in respect of clients whose PAN details have been collected and uploaded to the exchange by the members. 5. The Stock Exchanges are advised to ; 5.1. make necessary amendments to the relevant bye-laws, rules and regulations for the implementation of the above decision immediately. 5.2. bring the provisions of this circular to .....

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