Sebi mandates KRAs to update KYC info on Central KYC Records Registry.

Banking & Finance

In a move aimed at streamlining the Know Your Customer (KYC) process, the Securities and Exchange Board of India (Sebi) has directed KYC Registration Agencies (KRAs) to integrate their systems with the Central KYC Records Registry (CKYCRR) and begin uploading verified KYC information of clients starting August 1, 2024.


      Sebi has asked KYC registration agencies to upload KYC details of all capital market investors from August 1.

      According to the new guidelines, KRAs will have to upload verified or validated KYC information onto CKYCRR within seven days of receiving it from intermediaries.

     

 

     


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Chairperson - Smt. Madhabi Puri Buch
HQ - Mumbai
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