The NCDEX Limited, on November 09, 2026, issued a circular regarding guidelines in pursuance of amendments to the SEBI KYC (Know Your Client) Registration Agency (KRA) Regulations, 2011.
The following has been stated: -
•The National Commodity and Derivatives Exchange (NCDEX), pursuant to SEBI circulars and amendments to the SEBI KYC (Know Your Client) Registration Agency (KRA) Regulations, 2011, has directed Trading Members to ensure that all client KYC details are uploaded to KRAs and only clients having “KYC Registered” or “KYC Validated” status are permitted to trade.
•Clients whose KYC status remains “On Hold” (Aadhaar-based or Non-Aadhaar-based OVD) for records uploaded up to October 31, 2026, shall not be permitted to trade or square off open positions with effect from November 23, 2026, until compliance, while open positions will be allowed to expire on their respective contract expiry dates.
•Members must also verify PAN records having “Not Available” status due to non-uploading of KYC details to KRAs and take necessary corrective action.
•The list of affected clients has been made available through the Exchange-prescribed path.
[Circular No. : NCDEX/MEMBERSHIP-050/2026]
