SEBI reforms Unique Client Code, PAN framework In a circular, Sebi has tweaked provisions related to Unique Client Code (UCC) and mandatory requirement of Permanent Account Number (PAN) PTI | March 8, 2021 | Updated 21:25 IST Market regulator Sebi Market regulator Sebi on Monday rationalised the compliance requirement of collecting and maintaining copies of PAN of clients by members of the exchanges having commodity derivatives segment and enhanced the use of e-PAN. In the Union budget 2020, launch of instant PAN facility was announced and subsequently, , Income Tax (IT) Department launched the facility of e-PAN which is generated instantly through Aadhaar-based e-KYC. In a circular, Sebi has tweaked provisions related to Unique Client Code (UCC) and mandatory requirement of Permanent Account Number (PAN).