Registration of FIIs and their Sub Accounts under the Central Database of Market Participants MAPIN database Clarifications
Summary
This circular designates NSDL as the service provider for the Central Database of Market Participants and specifies categories of investors requiring a Unique Identification Number (UIN). It mandates that specified investors obtain their UINs by March 31, 2005, to continue trading securities listed on recognized stock exchanges. The document outlines application procedures, including biometric requirements, and imposes penalties for non-compliance or false information.
Text
SEBI has appointed the National Securities Depositories Limited (NSDL), as the Designated Service Provider for the purpose of the said Regulations.
All resident investors not being bodies corporate who enter into any securities market transaction... of value of one lakh rupees or more, as ‘specified investors’, who are required to obtain a UIN before March 31, 2005.
Foreign institutional investors, sub-accounts and foreign venture capital investors as ‘specified investors’ who are required to obtain a UIN before March 31, 2005.
The aforesaid specified investors, 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.
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.
an applicant shall ensure that he furnishes correct and true information.
no specified investor not being a body corporate shall buy, sell or deal in any securities... unless such specified investor has been allotted a UIN by March 31, 2005.
no specified investor being a Foreign Institutional Investor, a sub -account or a Foreign Venture Capital Investor shall buy, sell or deal in any securities... unless such specified investor, has been allotted a UIN by March 31, 2005.
the specified investors after being allotted UIN have the continuing obligation to intimate changes, if any, in the particulars submitted to the MAPIN Database within 30 days.
Contravention of the above would invite action as specified in Regulation 19 of the captioned Regulations.
make necessary amendments to the relevant bye-laws, rules and regulations for the implementation of the above decisions immediately, as may be applicable.
bring the provisions of this circular to the notice of the member brokers/ clearing members/ sub-brokers of the Exchange and also to disseminate the same on the website.
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Source: SecMarx — Registration of FIIs and their Sub Accounts under the Central Database of Market Participants MAPIN database Clarifications. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.