KYC Registration Agency definitions clarify registered agency status, KYC verification duties and change in control treatment. The regulations define a KYC Registration Agency (KRA) as a company with a certificate of registration treated as an intermediary; they define ... Summary
KYC Registration Agency definitions clarify registered agency status, KYC verification duties and change in control treatment.
The regulations define a KYC Registration Agency (KRA) as a company with a certificate of registration treated as an intermediary; they define Certificate, Client, Inspecting authority, Intermediary, Operating Instructions, and KYC as the Board specified procedure for identity and address verification and AML compliance. They also define change in control for KRAs with distinctions for listed and unlisted entities and provide that undefined terms derive meanings from relevant securities, companies and anti money laundering statutes.
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