KRA registration requires prescribed organisational eligibility, conflict-free operations, fee payment, deficiency rectification, and compliance with additional conditions.

Registration as a KYC Registration Agency is available to specified wholly owned subsidiaries and certain branches undertaking KRA-like activities, subject to the absence of conflicts of interest. Registration may be granted upon satisfaction of eligibility, compliance with applicable conditions and payment of the prescribed fee. Deficiencies must be communicated for rectification before refusal, and written submissions must be permitted. Registered KRAs may be subject to additional conditions for investor protection, market development and operational regulation, and registration may be withdrawn after a hearing.

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