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TMI BlogMapping of Unique Client Code (UCC) with demat account of the clientsX X X X Extracts X X X X X X X X Extracts X X X X ..... (UCC) with demat account of the clients 1. Vide SEBI circular no. SEBI/HO/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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of UCC with demat accounts of the clients was discussed with Stock Exchanges and Depositories. Pursuant to the 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... UCC in the demat account, the Depositories shall validate the same with the Stock Exchanges / client. 1.6. Stock Exchanges and Depositories shall 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 m ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of India Act, 1992 and Section 19 of the Depositories Act to protect the interests of investors in securities and to promote the development of, and to regulate the securities market. Yours faithfully, D Rajesh Kumar General Manager Market Intermediaries Regulation and Supervision Department - Circular - Trade Notice - Public Notice - Instruc ..... X X X X Extracts X X X X X X X X Extracts X X X X
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