MCX notified regarding the Client Code Modification Facility during the Trading Hours

Jul 02, 2024 | by TeamLease RegTech Legal Research Team

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Industry Specific ComplianceThe Multi Commodity Exchange of India Limited (MCX) on July 01, 2024, issued the notification regarding the Client Code Modification Facility during the Trading Hours.

The following has been stated namely: -

• Client Code Modification is allowed during Trading Hours and for the specified session after the close of trading hours from July 08, 2024

• The trading members with active clients are mandatorily required to create/maintain designated “Error Account”. Before placing an order for their clients, the members are required to ensure that the designated “Error account” is uploaded in the UCC database of the Exchange with the Client Code as ‘ERROR’ and in the Client Name field, the Name of the Trading Member Exactly as per Income Tax records (PAN Database) is entered.

[Notification No. MCX/S&I/438/2024]


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