BSE revised the file formats in the UCC system of the Exchange

Feb 26, 2024 | by TeamLease RegTech Legal Research Team

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Secretarial ComplianceThe Bombay Stock Exchange (BSE) on February 23, 2024, issued the notification regarding the Revised file formats in the UCC system of the Exchange.

The following has been stated namely: -

• To facilitate changes made in the PAN verification methodology, certain modifications have been made in the Unique Client Code (UCC) file structure

• Further, the following points need to be noted:

o PAN verification shall be considered as successful only when the status of all the 3 parameters i.e. PAN, Client Name, Client Date of Birth/Incorporation/Registration are successfully verified.

o Any modification/amendments to the Client Name and Date of Birth, Date of Incorporation/Registration can be done only by way of Unfreeze requests. The revised details shall be verified again with Protean.

These changes shall be effective from March 28, 2024.

 

[Notification No. 20240223-42]


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