The proposal is to allow Market Makers (MMs) of Exchange Traded Funds (ETFs) to modify Unique Client Codes (UCC) to the Asset Management Company (AMC) without penalty. Also, the proposal permit client code modifications for various institutional clients, including banks, Domestic Financial Institutions, and insurance companies, as well as certain non-institutional clients like Portfolio Management Services (PMSs) and Non-Resident Indians (NRIs). The comments/ suggestions from stakeholders are invited.(Link: SEBI Consultation Paper Dated 20/06/2025)