 OTC
EXCHANGE OF INDIA CIRCULAR Ref. No.: 2226/2004-05/OTC/2
Date: July 30, 2004
Dear Members/Dealers
Sub:
MAPIN – Unique client code
Dear Sir,
This circular will be applicable for all trades executed on or after August 2, 2004. For and on behalf of OTC Exchange of India
R.Anand Asst. Vice President Enc: SEBI circular MAPIN/Cir-23/2004 dated July 16, 2004 DEPUTY
GENERAL MANAGER MAPIN / Cir - 23 / 2004 To
1.
All the Stock Exchanges
i. Merchant Bankers Dear
Sir / Madam, Sub:
Central Database of Market Participants Regulations, 2003. 1.
Please refer to the following circulars issued by SEBI, on
the captioned subject: Circular
No. MAPIN/Cir-01/2004 dated 01.01.2004 2. Pursuant to the Notifications dated November 25,
2003 and December 8, 2003, SEBI has specified the
intermediaries (“Specified Intermediaries”) and their
related persons who are required to obtain a Unique
Identification Number (UIN) under the Central Database of
Market Participants (MAPIN database). 3. In order to operationalise the MAPIN database, it
has been decided that with effect from August 2, 2004, in
partial modification of SEBI circular no. SMDRP/Policy/CIR-39/2001
dated July 18, 2001, wherever applicable, all specified
intermediaries and their related persons shall quote, the
UIN obtained under the MAPIN database in lieu of the Unique
Client Code for all secondary market transactions. 4. Further, it has been decided that with effect
from August 2, 2004, wherever applicable, all specified
intermediaries and their related persons shall quote the UIN
obtained under the MAPIN database along with the SEBI
registration number. The UIN must also be clearly quoted on
all correspondence, documents and reports sent to or filed
with SEBI by the specified intermediaries and/ or their
related persons. 5. The stock exchanges are advised to, 5.1. make necessary amendments to the relevant
bye-laws, rules and regulations for the implementation of
the above decision immediately, as may be applicable and
necessary. 5.2. bring the provisions of this circular to the
notice of the member brokers/clearing members of the
Exchange and also to disseminate the same on the website. 5.3. communicate to SEBI, the status of the
implementation of the provisions of this circular in Section
II, item no. 13 of the Monthly Development Report for the
month of August 2004. 6. The depositories are advised to, 6.1. make necessary amendments to the relevant
bye-laws, rules and regulations for the implementation of
the above decision immediately, as may be applicable and
necessary. 6.2. bring the provisions of this circular to the
notice of the DPs of the Depository and also to disseminate
the same on the website. 6.3. communicate to SEBI the status of
implementation of the provisions of this circular. 7. 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. Yours faithfully, V S SUNDARESAN
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