Centralized KYC registration mandates intermediaries to upload existing clients' KYC to KRA with phased submission and verification. Intermediaries must upload electronic KYC data of pre-existing clients to the KYC Registration Agency (KRA) system under a phased schedule, submit supporting documents (initially scanned copies with originals retained, originals to follow by the final deadline), and indicate account opening/activation/updation dates. KRAs shall update records, acknowledge clients, categorize records as existing clients and flag missing information. Intermediaries downloading client KYC must update missing data, perform IPV if required, and send supporting documents to the KRA; exchanges, depositories and boards must monitor and report compliance.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Centralized KYC registration mandates intermediaries to upload existing clients' KYC to KRA with phased submission and verification.
Intermediaries must upload electronic KYC data of pre-existing clients to the KYC Registration Agency (KRA) system under a phased schedule, submit supporting documents (initially scanned copies with originals retained, originals to follow by the final deadline), and indicate account opening/activation/updation dates. KRAs shall update records, acknowledge clients, categorize records as existing clients and flag missing information. Intermediaries downloading client KYC must update missing data, perform IPV if required, and send supporting documents to the KRA; exchanges, depositories and boards must monitor and report compliance.
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