SEBI issues Implementation of Circular on Guidelines in pursuance of amendment to SEBI KYC (Know Your client) Registration Agency (KRA)Regulations, 2011

Jun 24, 2022 | by TeamLease RegTech Legal Research Team

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Industry Specific ComplianceThe Securities and Exchange Board of India (SEBI) on June 24, 2022 has issued Implementation of Circular on Guidelines in pursuance of amendment to SEBI KYC (Know Your client) Registration Agency (KRA)Regulations, 2011.

The following has been stated namely: -

• Vide circular no. SEBI/HO/MIRSD/DOP/P/CIR/2022/46 dated April 06, 2022, guidelines in pursuance of amendment to SEBI KYC (Know Your client) Registration Agency (KRA) Regulations, 2011 was issued. The provisions of this circular at clause 9 and clause 13 were to come into effect from July 01, 2022.

• KYC records of all existing clients (who have used Aadhaar as an OVD) shall be validated within a period of 180 days from August 01, 2022.

• The validation of all KYC records (new and existing) shall commence from August 01, 2022.

 

[Notification No. SEBI/HO/MIRSD/DoP/P/CIR/2022/89]

 


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