Regulation 16A - Sharing of KYC information in the financial sector.
Securities and Exchange Board of India {KYC (Know Your Client) Registration Agency} Regulations, 2011 Chapter III FUNCTIONS AND OBLIGATIONS OF KRA AND INTERMEDIARY
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KYC information sharing: cross regulator access to KRA enables sector wide client verification and data interoperability. Regulation 16A permits entities regulated by other financial regulators to access the KRA system to undertake KYC of their clients, applies the KRA ... Summary
KYC information sharing: cross regulator access to KRA enables sector wide client verification and data interoperability.
Regulation 16A permits entities regulated by other financial regulators to access the KRA system to undertake KYC of their clients, applies the KRA regulations to those entities mutatis mutandis, and allows the KRA system to be connected with a Central KYC Registry authorised by the Central Government for collation and sharing of KYC data across the financial sector.
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