The regulator, in January, notified new norms to make KRAs responsible for carrying out independent validation of the KYC records uploaded onto their system by Registered Intermediaries (RIs).
Market regulator Securities and Exchange Board of India (SEBI) has issued new guidelines for KYC Registration Agencies (KRAs) whereby such agencies will have to independently validate KYC records of all clients from 1st July.
Market regulator Securities and Exchange Board of India (SEBI) has issued new guidelines for KYC Registration Agencies (KRAs) whereby such agencies will have to independently validate KYC records of all clients from 1st July.
Under the notified rules, such agencies will have to maintain an audit trail of the upload/modification/download with respect to KYC records of clients.