Ref.: 2348/2004/CP/MDD/1126

 18^th August 2004

 Dear Members/Dealers,

 The Exchange is in receipt of circular no. MRD/DOP/MAPIN/Cir-26/2004 dated 16^th August 2004 from SEBI regarding the SEBI (Central Database of Market Participants) Regulations, 2003. The contents of the said circular are reproduced below:

 Quote

Sub: SEBI (Central Database of Market Participants) Regulations, 2003

1. The SEBI (Central Database of Market Participants) Regulations, 2003 were

notified on November 20, 2003 and subsequently amended vide SEBI

(Central Database of Market Participants) (Amendment) Regulations, 2004

notified on July 21, 2004.

2. Pursuant to clause (g-) of sub regulation (1) of Regulation 2 of the captioned

Regulations, SEBI has appointed the National Securities Depositories Limited

(NSDL), as the Designated Service Provider for the purpose of the said

Regulations.

3. Pursuant to the notification dated July 30, 2004 issued under the captioned

Regulations, SEBI has, interalia, specified as under:

3.1. Sub-brokers within the meaning of rule 2(f) of the SEBI (Stock-Brokers

and Sub-brokers) Rules, 1992 as ‘specified Intermediaries’, who along

with their related persons are required to obtain Unique Identification

Numbers (UIN) before December 31, 2004.

3.2. All investors being bodies corporate as ‘specified investors’, who along

with their promoters and directors are required to obtain a UIN before

December 31, 2004.

3.3. All investors, whether bodies corporate or not, intending to avail of the

margin trading facility in terms of the requirements laid down by the

Board, as ‘specified investors’, are required to obtain a UIN before August

31, 2004.

4. It is to be noted that with effect from January 1, 2005,

4.1. As per the provisions of sub-regulation (1) of regulation (4) of the

captioned regulations, no sub-broker being a specified intermediary shall

act as such, if the UIN has not been obtained for itself and its related

persons by December 31, 2004.

4.2. As per the provisions of sub-regulation (2) of regulation 6 of the captioned

regulations, no specified investor being a body corporate shall buy, sell or

deal in any securities which are listed on any recognized stock exchange

or in units of a mutual fund or a collective investment scheme or

subscribe to securities which are proposed to be listed in any recognized

stock exchange or units of a mutual fund or a collective investment

scheme unless such specified investor, its promoters and directors have

been allotted UIN by December 31, 2004. 

5. It is also to be noted that from September 1, 2004, no specified investor

whether body corporate or not, shall avail of the margin trading facility in

terms of the requirements laid down by the Board, unless such investor has

obtained a UIN by August 31, 2004.

6. The SEBI Regulations, Notifications and application forms are available on

the SEBI Website www.sebi.gov.in as also on the NSDL website

http://mapin.nsdl.com.

7. The specified investors, specified intermediaries and their related persons,

who are required to obtain a UIN under the said Regulations, may contact

NSDL or any Point of Service (POS) mentioned in the Annexure for the

purpose of making an application.

8. While making the application,

8.1. it is mandatory for the applicant who is a natural person to provide

biometric impressions of the left thumb, left index finger, right thumb and

right index finger and photograph electronically on the system of the

Designated Service Provider.

8.2. an applicant shall ensure that he furnishes correct and true information.

Attention is invited to Regulation 15 which prohibits a person from making

a false statement or misrepresentation of any fact in any application made

to the Designated Service Provider and Regulation 20 which specifies the

action for false information.

9. It may also be noted that the specified intermediary/ related persons/

specified investors have the following continuing obligations after being

allotted UIN:

9.1. To intimate changes, if any, in the particulars submitted to the MAPIN

Database within 30 days

9.2. To ensure that within 30 days of any person becoming a related person

he has been allotted or has applied for a UIN.

10. Contravention of the above would invite action as specified in Regulation 19

of the captioned Regulations.

13. This circular is being issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992, to protect the

interest of investors in securities and to promote the development of, and to regulate the securities market.

Unquote

The Annexure to the above circular containing the details of POS is enclosed.

All the Members/Dealers are requested to take note of the above and ensure due compliance with the said requirements.

Thanking you.

Yours faithfully,

Ajay C Singhvi

Asst. Vice President 

Ahmedabad

Bangalore

Chennai

Cochin

Hyderabad

Jaipur

Kolkata

Mumbai

New Delhi