Eligibility for KYC registration: fit and proper subsidiary status, data privacy safeguards and continuing net worth requirement. Applicants for registration as a KYC Registration Agency must be a fit and proper person and a wholly owned subsidiary of either a recognized stock ... Summary
Eligibility for KYC registration: fit and proper subsidiary status, data privacy safeguards and continuing net worth requirement.
Applicants for registration as a KYC Registration Agency must be a fit and proper person and a wholly owned subsidiary of either a recognized stock exchange with a nation wide trading network, a depository or other intermediary registered with the Board, or an SRO; they must satisfy the Board about organizational capabilities, technology and data privacy safeguards, meet a continuing net worth requirement, and have no conflict of interest between KRA functions and their commercial activities, with the Board empowered to examine potential conflicts.
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