The National Stock Exchange of India Limited vide its circular dated 28th December 2021, has directed all the trading members to mandatorily update the 6 KYC attributes Name, Complete address (including PIN code No. in case of address of India), PAN, valid Mobile number, Valid email-id, Income details/range along with additional information pertaining to custodian settled client from 1st January 2022.
In case the Unique Client Code (UCC) is not updated by the trading member / not approved by the Exchange in the UCC system prior to execution of trade, the trading member shall be liable for penalty @ Rs.10, 000/- per UCC per day till the same is updated and approved in the UCC system of the Exchange and any other disciplinary action that the Exchange may deem fit.
