The National Stock Exchange (NSE) on June 12, 2026, issued circular on Guidelines in pursuance of amendment to SEBI KYC (Know Your Client) Registration Agency (KRA) Regulations, 2011.
With reference to SEBI circulars and ongoing guidelines on KYC simplification and risk management for KYC Registration Agencies (KRAs), Trading Members are reminded of the regulatory requirements regarding KYC validation and investor account handling. Additionally, as per SEBI directions on reporting the demise of investors, regulated entities must ensure immediate suspension of transactions, blocking of debit activities, and closure or inactivation of trading accounts upon receiving such information through KRAs.
It is notified that clients whose KYC records remain unvalidated or are marked as “On Hold” by KRAs (for both Aadhaar and non-Aadhaar based documents) during the period May 01, 2026 to May 31, 2026 will face trading restrictions. Such clients shall not be permitted to trade or square off existing positions with effect from June 26, 2026, until their KYC records are duly validated. Any open positions in such accounts will be allowed to expire naturally as per the contract terms.
The Exchange will identify and flag such non-compliant PANs as “Not Permitted to Trade” based on data received from KRAs. However, once the KYC status is regularized and validated, trading permission will be restored on a T+1 basis. Trading Members can access the list of affected clients through the ENIT Member Portal under the specified file path for necessary action and compliance.
[Circular No: 30/2026]
