SEBI (Central Database of Market Participants) Regulations, 2003
Summary
This circular notifies the appointment of NSDL as the Designated Service Provider for the Central Database of Market Participants (MAPIN) and specifies deadlines for obtaining Unique Identification Numbers. It mandates that sub-brokers and corporate investors must secure UINs by December 31, 2004, while margin trading facility users must obtain them by August 31, 2004. The document outlines application procedures, continuing obligations for data updates, and compliance requirements for stock exchanges and mutual funds.
Text
SEBI has appointed the National Securities Depositories Limited (NSDL), as the Designated Service Provider for the purpose of the said Regulations.
Sub-brokers... are required to obtain Unique Identification Numbers (UIN) before December 31, 2004.
All investors being bodies corporate... are required to obtain a UIN before December 31, 2004.
All investors... intending to avail of the margin trading facility... are required to obtain a UIN before August 31, 2004.
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.
no specified investor being a body corporate shall buy, sell or deal in any securities... unless such specified investor, its promoters and directors have been allotted UIN by December 31, 2004.
from September 1, 2004, no specified investor whether body corporate or not, shall avail of the margin trading facility... unless such investor has obtained a UIN by August 31, 2004.
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...
an applicant shall ensure that he furnishes correct and true information.
To intimate changes, if any, in the particulars submitted to the MAPIN Database within 30 days
To ensure that within 30 days of any person becoming a related person he has been allotted or has applied for a UIN.
Contravention of the above would invite action as specified in Regulation 19 of the captioned Regulations.
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Source: SecMarx — SEBI (Central Database of Market Participants) Regulations, 2003. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.