KYC compliance: registration agencies must protect client interests and maintain integrity, confidentiality and proper governance. A KYC Registration Agency (KRA) must protect client interests by maintaining integrity, due diligence, internal controls and qualified staff; disclose ... Summary
Referred In :
Securities and Exchange Board of India {KYC (Know Your Client) Registration Agency} Regulations, 2011
KYC compliance: registration agencies must protect client interests and maintain integrity, confidentiality and proper governance.
A KYC Registration Agency (KRA) must protect client interests by maintaining integrity, due diligence, internal controls and qualified staff; disclose material adverse changes on its website; safeguard confidential information except where law requires disclosure; refrain from investment advice and market-manipulative practices; promptly inform the Board of material legal or penal actions; redress client grievances; and remain responsible for employees' acts while empowering compliance officers and ensuring effective governance.
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