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This refers to the article `SEBI panel says no to finger-printing' (Business Line, June 29).

The decision to suspend the Unique Identification Numbers (UIN) and introduce a new report on MAPIN may add to the woes of retail investors.

All the three-lakh investors, who have already obtained registrations, would have to provide fresh data. While protecting the regulatory interests of the trading system, SEBI should ensure that least inconvenience is caused to the genuine investors in the field.

In the event of allotment of permanent identity numbers, additional details with any interval could be extracted from the terminals of NSE. As clients are already burdened with the Annual Maintenance Charges, charging additional levy for the UIN would be unreasonable. SEBI should take all this into consideration before imposing fresh conditions on investors.

C. P. Velayudhan Nair

Kochi

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