Timeline of KYC records Validation by Registered Intermediaries extended by SEBI

Timeline of KYC records Validation by Registered Intermediaries extended by SEBI The Securities Exchange Board of India(SEBI) Vide Circular No. SEBI/HO/MIRSD/DoP /P/CIR/2022/89 dated 24/06/2022 notifies Implementation of Guidelines in pursuance of amendment to SEBI KYC Registration Agency (KRA) Regulations 2011.

The Circular is Given Below:

1. SEBI, vide circular no. SEBI/HO/MIRSD/DOP/P/CIR/2022/46 dated April 06, 2022, had issued guidelines in pursuance of amendment to SEBI KYC (Know Your client) Registration Agency (KRA) Regulations, 2011. The provisions of this circular at clause 9 and clause 13 were to come into effect from July 01, 2022. 2. SEBI has received requests from the KRAs to extend the timelines for applicability of the clause 9 and clause 13. After consideration, it has been decided that:

2.1. KYC records of all existing clients (who have used Aadhaar as an OVD) shall be validated within a period of 180 days from August01, 2022.

2.2. The validation of all KYC records (new and existing) shall commence from August 01, 2022.

3. This circular is issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 and Regulation 17 of the SEBI(KYC (Know Your Client) Registration Agency) Regulations, 2011 to protect the interests of investors in securities and to promote the development of, and to regulate the securities markets. For Official Circular Download PDF Given Below: