Before you start investing, make sure your KYC is in place. Here’s how to check and update it online in minutes.
The role of a KRA is of utmost importance in the Indian capital market. The presence of a KRA basically ensures that KYC processes need not be repeated every time an investor wants to start investing through a new market intermediary.
The regulator issued the order on September 30
The KRA, on receipt of the information, should also perform an independent validation of the information whenever feasible and alert other linked intermediaries about the update.
Along with the cyber audit report, all KRAs have been instructed to submit a statement from the MD and CEO certifying compliance by them with all of Sebi’s cyber security-related guidelines and notices issued periodically, according to a circular.
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To streamline the process of 'Know Your Client' procedures, market regulator Sebi has done away with the submission of physical documents by investors to the KYC Registration Agencies (KRAs) in favour of the electronic format only.
Market regulator Sebi has decided to seek help from public sector banks and KYC Registration Agencies (KRAs) for carrying out 'in-person verification' of about 3 crore investors in the high-profile Sahara case.
Market regulator Sebi today said it has asked the government to allow it to access call data ecords of persons suspected to be involved in insider trading and other irregularities.
The Securities and Exchange Board of India (SEBI) in its latest circular announced to make the Know Your Client (KYC) process a one-time affair for investors. The new KYC procedure will do away with the duplication of KYC registering in case if an investor intends to open account with different intermediaries.
The capital markets regulator SEBI today released guidelines to streamline KYC norms through a single-point registration agency. The agency, referred to as KRA, was long awaited and is expected to bring in much needed transparency and ease with which individuals can participate in the financial markets, reports CNBC-TV18’s Neha Arora.