NSE reduced the match score for PAN verification of unregistered participants introduced on CBRICS platform

May 21, 2023 | by TeamLease RegTech Legal Research Team

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Secretarial ComplianceThe National Stock Exchange (NSE) on May 19, 2023, issued a notification regarding the Change in match score for PAN verification of unregistered participants introduced on the CBRICS platform.

The following has been stated namely: -

• As per the current process for Pan verification of unregistered participants using API, the participant name is validated against the name linked with the PAN number.

• The match score for the name is currently set at 100% and as per the internal review, it has been decided to bring down the name match score to 80%

This circular shall be applicable with effect from May 19, 2023 end of business hours.

 

[Notification No. NSE/DS/56763]


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