Amendment to SEBI (Know Your Client) Registration Agency Regulations, 2011 and relevant circulars
Summary
This circular amends the SEBI (Know Your Client) Registration Agency Regulations, 2011 to remove the requirement for sending original KYC documents to KRAs. It explicitly modifies previous circulars dated December 23, 2011, and April 13, 2012, while keeping their other provisions unchanged. The directive is issued under Section 11(1) of the SEBI Act, 1992, and Regulation 17 of the KYC Regulations, 2011.
Text
The requirement for sending original KYC documents of the clients to the KRA has been removed
The aforesaid circulars dated December 23, 2011 and April 13, 2012 shall stand modified to that extent. The other provisions of these circulars shall remain unchanged.
This circular is issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 and Regulation 17 of the SEBI (KYC (Know Your Client) Registration Agency) Regulations, 2011
Source: SecMarx — Amendment to SEBI (Know Your Client) Registration Agency Regulations, 2011 and relevant circulars. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.