Current Context: SEBI has issued fresh guidelines in pursuance of
SEBI KYC Registration Agency Regulations, 2011 on April 6, 2022.- As per the guidelines, KRA’s will continue to act as a repository of KYC data in the securities market.
- They will have to independently validate records of clients whose KYC has been completed using Aadhar as OVD within 180 days from July 01, 2022.
- Records of those clients whose KYC was completed using non- Aadhar documents will be validated on receiving the Aadhar number.
- On successful completion of KYC validation – a unique client identifier shall be assigned by KRA to the client which may be used by the client to open an account with any other intermediary.
