Central KYC Records Registry centralises secure storage and controlled retrieval of electronic KYC records under regulator oversight. Creates a Central KYC Records Registry to receive, store, safeguard and retrieve electronic KYC records from reporting entities, ensure secure online availability and backups, conduct annual audits and corrective actions, provide access to registered reporting entities on payment of fees, follow Regulator operating instructions and guidelines, appoint a compliance officer to monitor compliance and report noncompliance, and permit the Regulator and Central Government to issue guidelines and notify class based exemptions or modifications to rule 9 or 9A.
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Provisions expressly mentioned in the judgment/order text.
Central KYC Records Registry centralises secure storage and controlled retrieval of electronic KYC records under regulator oversight.
Creates a Central KYC Records Registry to receive, store, safeguard and retrieve electronic KYC records from reporting entities, ensure secure online availability and backups, conduct annual audits and corrective actions, provide access to registered reporting entities on payment of fees, follow Regulator operating instructions and guidelines, appoint a compliance officer to monitor compliance and report noncompliance, and permit the Regulator and Central Government to issue guidelines and notify class based exemptions or modifications to rule 9 or 9A.
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