Implementation of Circular on ‘Guidelines in pursuance of amendment to SEBI KYC (Know Your client) Registration Agency (KRA) Regulations, 2011’
Summary
SEBI extends the implementation timeline for specific clauses of its April 2022 circular regarding KRA regulations. The extension mandates that validation of KYC records for existing clients using Aadhaar must be completed within 180 days from August 1, 2022. This directive is issued under Section 11(1) of the SEBI Act and Regulation 17 of the SEBI KRA Regulations to protect investor interests.
Text
KYC records of all existing clients (who have used Aadhaar as an OVD) shall be validated within a period of 180 days from August 01, 2022.
The validation of all KYC records (new and existing) shall commence from August 01, 2022.
Source: SecMarx — Implementation of Circular on ‘Guidelines in pursuance of amendment to SEBI KYC (Know Your client) Registration Agency (KRA) Regulations, 2011’. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.