Central KYC expansion to legal entities requires registered intermediaries to upload LE KYC records and use KYC Identifiers. Extension of the Central KYC Records framework to legal entities mandates Registered Intermediaries to upload legal-entity KYC records using the prescribed Legal Entity template, retrieve client records via KYC Identifier with client consent, communicate generated KYC Identifiers to clients, and migrate legacy KYC records to current Client Due Diligence standards when updated information is obtained. The requirements exclude Foreign Portfolio Investors.
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.
Central KYC expansion to legal entities requires registered intermediaries to upload LE KYC records and use KYC Identifiers.
Extension of the Central KYC Records framework to legal entities mandates Registered Intermediaries to upload legal-entity KYC records using the prescribed Legal Entity template, retrieve client records via KYC Identifier with client consent, communicate generated KYC Identifiers to clients, and migrate legacy KYC records to current Client Due Diligence standards when updated information is obtained. The requirements exclude Foreign Portfolio Investors.
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