The Bombay Stock Exchange (BSE), on August 13, 2026, issued a clarification regarding the implementation of “@valid” UPI IDs for investor-facing bank accounts maintained by Research Analysts, pursuant to SEBI’s communication dated August 7, 2026. All Research Analysts are required to ensure that investor-facing bank accounts through which funds are received from individual/non-institutional investors are linked with a “@valid” UPI ID, enabling verification through SEBI Check.
Research Analysts are required to apply for a “@valid” UPI handle through the BSE portal and, upon generation of the UTN, approach their respective banks to complete the required documentation/process. Any new investor-facing bank account opened after issuance of the notice must also be mandatorily linked with a “@valid” UPI ID.
The prescribed compliance timeline is October 6, 2026, being T+60 days from August 7, 2026. Research Analysts should therefore complete the process within the stipulated period to ensure that their investor-facing accounts remain verifiable through SEBI Check.
[Notice No. 20260813-3]
