Centralized KYC registration enables single-client KYC verification across intermediaries, reducing duplication and enabling regulated data sharing. The Regulations establish a centralized KYC Registration Agency regime requiring a SEBI-registered intermediary to perform initial KYC and upload authenticated client details to the KRA system so other intermediaries can verify and download those details, avoiding repetitive KYC. Stock exchanges and depositories must notify intermediaries, amend rules for implementation, monitor compliance via internal audits and inspections, and report implementation status to SEBI, with data security and a code of conduct forming essential compliance obligations.