The Bombay Stock Exchange (BSE) on January 04, 2024, issued the notification regarding the Multiple UCC with the same Email address and mobile number.
The following has been stated namely: -
• The following had been stated in previously issued SEBI and BSE circulars namely: -
“Stock Brokers shall ensure that separate mobile number/E-mail address is uploaded for each client. However, under exceptional circumstances, the stockbroker may, at the specific written request of a client, upload the same mobile number/E-mail address for more than one client provided such clients belong to one family. ‘Family’ for this purpose would mean self, spouse, dependent children, and dependent parents.”
• Multiple UCC mapped with the same mobile number or E-mail address should strictly be as per the definition of “Family” as mentioned above and at the written request of a client in whose account the same mobile number/E-mail address is being updated to avoid any penalty/disciplinary action.
[Notification No. 20240104-26]
