Uploading of KYC information by KYC Registration Agencies (KRAs) to Central KYC Records Registry (CKYCRR)
Summary
This circular modifies specific clauses of the SEBI master circular on KYC norms to facilitate ease of doing business. It mandates that KRAs upload verified KYC information to the Central KYC Records Registry (CKYCRR) within seven days of receipt from intermediaries. Additionally, KRAs are required to upload existing KYC records for legal entities and individual clients within six months starting from August 1, 2024.
Text
Registered intermediaries shall continue to upload/ download/ modify the KYC information with proper authentication on the systems of KRA, as per the provisions of SEBI KRA Regulations, 2011.
KRAs shall upload the verified/ validated KYC information onto the system of CKYCRR within 7 days of receiving the same from intermediaries or any other timeline as notified under PML Rules. The KRAs shall integrate their systems with CKYCRR and commence the uploading of KYC records on CKYCRR from August 01, 2024.
KRAs shall ensure that existing KYC records of legal entities and of individual clients are uploaded on to CKYCRR within a period of 6 months from August 01, 2024.
Source: SecMarx — Uploading of KYC information by KYC Registration Agencies (KRAs) to Central KYC Records Registry (CKYCRR). Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.