Operationalisation of Central KYC Records Registry (CKYCR)
Summary
This circular operationalizes the Central KYC Records Registry (CKYCR) by authorizing CERSAI to manage digital KYC records. It mandates that registered intermediaries use the CERSAI-finalized template for individuals as Part I of the Account Opening Form. The phased implementation requires uploading KYC data for new individual accounts opened on or after August 1, 2016.
Text
Government of India has authorized the Central Registry of Securitization and Asset Reconstruction and Security interest of India (CERSAI)... to act as, and to perform the functions of, the Central KYC Records Registry under the PML Rules 2005, including receiving, storing, safeguarding and retrieving the KYC records in digital form
every reporting entity shall capture the KYC information for sharing with the Central KYC Records Registry in the manner mentioned in the Rules, as per the KYC template for „individuals‟ finalised by CERSAI
the KYC template finalised by CERSAI shall be used by the registered intermediaries as Part I of AOF for individuals... requirement for Permanent Account Number (PAN) would continue to be mandatory for completing the KYC process
In the first phase, the registered intermediaries shall upload the KYC data with CKYCR, in respect of all individual accounts opened on or after August 1, 2016, wherever KYC is required to be carried out
Source: SecMarx — Operationalisation of Central KYC Records Registry (CKYCR). Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.