The National Stock Exchange (NSE) on December 23, 2023, issued a notification regarding Trading Supported by Blocked Amount in Secondary Market- Revised file format UCC.
This has reference to the SEBI circular regarding “Trading supported by Blocked Amount in Secondary Market”. In the above-mentioned circulars, the revised UCC file format had been provided and the same was made available to Trading Members in the UAT environment for testing.
Further, the Exchange vide its circular 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 later 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 the 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.
[Notification No. NSE/ISC/59911]
