Uniform KYC form required for securities intermediaries; Part I standardizes core client identification, Part II captures additional specifics. The circular mandates use of a single standardized KYC application form (Annexure 1) as Part I for core customer due diligence across specified SEBI-registered intermediaries, with intermediary-specific additional data to be collected in Part II. Depositories and AMFI will prescribe Part II requirements for their participants; depositories must amend bye laws, notify participants and verify compliance. Intermediaries must implement the uniform KYC and prescribed POI/POA, PAN and entity-specific documentary requirements for new clients from January 1, 2012.
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Provisions expressly mentioned in the judgment/order text.
Uniform KYC form required for securities intermediaries; Part I standardizes core client identification, Part II captures additional specifics.
The circular mandates use of a single standardized KYC application form (Annexure 1) as Part I for core customer due diligence across specified SEBI-registered intermediaries, with intermediary-specific additional data to be collected in Part II. Depositories and AMFI will prescribe Part II requirements for their participants; depositories must amend bye laws, notify participants and verify compliance. Intermediaries must implement the uniform KYC and prescribed POI/POA, PAN and entity-specific documentary requirements for new clients from January 1, 2012.
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