Board inspection powers can appoint inspectors to examine KRA records and systems for compliance and data privacy. The Board may appoint inspecting authorities to examine KRA books, records, documents, infrastructure, systems and procedures to verify maintenance of KYC ... Summary
Board inspection powers can appoint inspectors to examine KRA records and systems for compliance and data privacy.
The Board may appoint inspecting authorities to examine KRA books, records, documents, infrastructure, systems and procedures to verify maintenance of KYC and accounting records, investigate client complaints, ascertain compliance with the Act and these regulations, assess adequacy of systems and safeguards, ensure client data privacy and prevent unauthorized information sharing, and confirm that a KRA's affairs are conducted in the interest of investors and the securities market.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.