The Hindu Business Line : SEBI fiat on mandatory UIN

THE Securities and Exchange Board of India (SEBI) has mandated that all domestic investors who carry out a single transaction of Rs 1 lakh or more have to quote their unique identification number (UIN). This order will be effective from April 1, 2005.

Further, foreign institutional investors and their sub-accounts are also required to quote their identification number in all transactions from this date. Foreign venture capital investors also fall under this rule.

The unique identification number is part of SEBI's MAPIN exercise.

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