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.

One Comments “Sebi makes KYC process easier for investors

Leave a Reply

Your email address will not be published. Required fields are marked *