This is further to Exchange notice nos. 20180911-12 dated September 11, 2018, 20180926-10 dated September 26, 2018 and 20181001-8 dated October 1, 2018 w.r.t Unique client code.
The Exchange has introduced following new client categories in the UCC system:
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Client type
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Client status
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Category
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Individual
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Client
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· EFE-I (Eligible Foreign Entity-Individual)
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Non-individual
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Client
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· FPO (Farmer Producer Organisations-BCO)
· FPO (Farmer Producer Organisations-other than BCO)
· Eligible Foreign Entity (EFE-NI)-Non-Individual
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Institution
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Institution
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· Eligible Foreign Entity (EFE-NI)-Non-Individual
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The above categories are available only for the client codes to be registered in the Commodity Derivatives segment. The user manual with the updated categories in UCC is attached as Annexure-1.
In this regard, it may be noted that as per SEBI circular no. SEBI/HO/CDMRD/DMP/CIR/P/2018/134 dated October 9, 2018 Authorized Stock Brokers (ASBs), which are registered under SEBI(Stock brokers and sub-brokers) Regulations, 1992 having minimum net-worth of INR 25 Crores are required to seek authorisation of BSE for opening trading account of EFEs who are desirous of taking hedge positions in Indian commodity derivatives market.
Further, the ASB shall, at all times, ensure that the participation of EFE is in compliance with the applicable norms prescribed by SEBI, RBI or any other statutory authority in India. For this purpose, the ASB shall obtain appropriate declarations and undertaking from EFEs, from time to time, as may be prescribed by Exchanges and regulators.
Accordingly, the categories EFE-I and EFE-NI can be registered only by the Authorised Stock Brokers (ASBs).
The stock brokers are requested to make a note of the same and ensure compliance.
For and on behalf of BSE Ltd.
Kiran Sawant Priya Pillai
Asst. Gen. Manager Sr. Manager
Broker Supervision Broker Supervision |