KYC validation requirement: KRAs must begin validating Aadhaar-based and all KYC records from an August commencement, with revised timelines. SEBI requires KRAs to validate KYC records where Aadhaar was used as an OVD within a limited period from the August 2022 commencement date and directs that validation of all KYC records, both new and existing, commence from that start date; the circular revises timelines in response to KRA requests and is issued under SEBI's powers to protect investors and regulate the securities market.
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Provisions expressly mentioned in the judgment/order text.
KYC validation requirement: KRAs must begin validating Aadhaar-based and all KYC records from an August commencement, with revised timelines.
SEBI requires KRAs to validate KYC records where Aadhaar was used as an OVD within a limited period from the August 2022 commencement date and directs that validation of all KYC records, both new and existing, commence from that start date; the circular revises timelines in response to KRA requests and is issued under SEBI's powers to protect investors and regulate the securities market.
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