SEBI makes PAN compulsory for market participants

Mumbai, June 25 (UNI) Securities and Exchange Board of India (SEBI) has decided to discontinue the requirement of Unique Identification Number (UIN) and made PAN card as the sole identification number for all participants in the securities market irrespective of the amount of transaction.

The capital market regulator in a circular issued here today to the Stock Exchanges and Depositories has advised them to implement the same by bringing the provisions of the circular to the notice of the member brokers, clearing members and to dissseminate the same on their websites.

UNI