Entities permitted to undertake e-KYC Aadhaar Authentication service of UIDAI in Securities Market – Addition of NSE to the list
Summary
SEBI adds the National Stock Exchange of India Limited (NSE) to the list of entities permitted to undertake e-KYC Aadhaar Authentication services. This addition follows a Government of India notification under the Prevention of Money-laundering Act, 2002. Stock Exchanges and Depositories are directed to implement necessary regulatory amendments and monitor compliance.
Text
SEBI vide circular No. SEBI/HO/MIRSD/DOP/CIR/P/2020/80 dated May 12, 2020 permitted eight entities to undertake Aadhaar Authentication service of UIDAI subject to compliance of the conditions as laid down in this regard.
National Stock Exchange of India Limited shall undertake Aadhaar Authentication service of the UIDAI subject to compliance of the conditions as laid down in this regard.
bring the provisions of this circular to the notice of the Stock Brokers, Depository Participants and also disseminate the same on their websites.
make necessary amendments to the relevant bye-laws, rules and regulations for the implementation of the above decision in co-ordination with one another to achieve uniformity in approach.
communicate to SEBI, the status of the implementation of the provisions of this circular in the Monthly Development Report of the following month;
monitor the compliance of this circular.
This circular is issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 to protect the interests of investors in securities and to promote the development of, and to regulate the securities markets.
Source: SecMarx — Entities permitted to undertake e-KYC Aadhaar Authentication service of UIDAI in Securities Market – Addition of NSE to the list. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.