NSE has issued Guidelines in pursuance of amendment to SEBI KYC (Know Your client) Registration Agency (KRA) Regulations, 2011. Clients whose KYC are not found valid by KRAs for the PANs uploaded upto August 31, 2023, such UCCs (Unique Client Code) shall neither be Permitted to Trade on the Exchange, nor will they be able to square up their open positions, if any, w.e.f. November 18, 2023, until they comply with the requirement.
In view of the above, the Exchange shall flag the non-compliant PANs provided by the KRAs, as Not permitted to trade starting from November 18, 2023. It may be noted that post this date these PANs shall not be permitted to trade and also not be allowed to square off their open positions, if any. All PANs that become KRA compliant subsequently, will be permitted to trade on T+1, based on the information received from KRA by the Exchange on T day.
