MCX issued a circular regarding mandating the Client Email ID field in the Unique Client Code (UCC)

The Multi Commodity Exchange (MCX) on October 04, 2024, issued a circular regarding mandating the Client Email ID field in the Unique Client Code (UCC).

The following has been stated: -

•The Exchange had provided the platform to its Members to upload /update various information of the clients such as Client Name, Complete address, PAN, Mobile number, Email, Date of Birth/Incorporation Income/Networth details/range, etc. in the UCC database of the Exchange.

•The Exchange is in the process of mandating the UCC field “Client Email ID” as mandatory in the UCC database of the Exchange for all the UCC categories. Accordingly, the other dependent UCC fields like “Relationship with Client (for Email ID) / “Name of the Authorized/Contact Person (for Email ID)” as applicable will also become mandatory. 

•The effective date of the above changes will be effective tentatively on or after October 21, 2024.

The detailed circular is given in the document below.

[Circular No.: MCX/S&I/663/2024]