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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 ..... ctor of all the Stock Exchanges Sir/Madam, Sub:- Unique client code Pursuant to 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t 01, 2001. In the case of other entities, the following procedure shall be adopted : 1. For FIIs, (where FII, itself 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 s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed to furnish the above particulars of their clients to the stock exchanges/clearing corporations and the same would be updated every quarter. 7. The stock exchanges 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 adv ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... details of the client as mentioned in the client registration form or any other information pertaining to the client except as required under the law or by any authority. Further the brokers 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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