Sebi makes KYC process easier for investors

Feb 16

Sebi makes KYC process easier for investors

Making Know-Your-Client process easier for investors, Sebi today cleared a proposal to allow various market entities such as brokers and mutual funds to get investor details from centralised KYC agencies, rather than carrying out a fresh KYC verification procedure. Presently, there is an option available to a market intermediary that it may access the centralised KRA (KYC Registration Agency) system in case of a client who is already KYC compliant, or may also carry fresh KYC process. .At a board meeting in New Delhi, Thursday, Sebi decided to do away with the second option of fresh KYC processing being carried out, if the concerned investor has once gone through the KYC procedure with any of the registered intermediaries.
http://economictimes.indiatimes.com/articleshow/30354026.cms?utm_source=contentofinte..

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