The Securities and Exchange Board of India (SEBI) on November 04, 2026, issued a circular regarding the review of the Know Your Client (KYC) Process for Individual Persons Resident Outside India (PROI).
The following has been stated: -
•The Securities and Exchange Board of India (SEBI) has relaxed KYC requirements for individual Persons Resident Outside India (PROI), including NRIs, OCI cardholders and foreign nationals residing in FATF-compliant countries, by permitting digital KYC submission from outside India.
•The circular allows intermediaries to rely on existing KYC records available through KYC Registration Agencies (KRAs) and the Central KYC Records Registry (CKYCRR), introduces attribute-wise validation of KYC records, and prescribes updated requirements for passport, overseas address proof, specimen signatures, IPV, and Video In-Person Verification (VIPV).
•Intermediaries must complete KYC verification, ensure appropriate due diligence, and submit KYC information to the KRA within three working days.
•The revised provisions will come into effect from December 03, 2026, while the existing process will continue for clients in FATF non-compliant countries.
[Circular No.: HO/38/30/12(3)2026-MIRSD-POD2/I/25175/2026]
