Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>SEBI Allows Securities Entities to Use e-KYC Aadhaar Authentication as Sub-KUAs Under PMLA; Must Register with UIDAI.</h1> SEBI has authorized certain entities in the securities market to use e-KYC Aadhaar Authentication services as sub-KYC User Agencies (sub-KUAs). This follows a notification by the Department of Revenue, allowing 155 reporting entities to perform Aadhaar authentication under the Prevention of Money Laundering Act, 2002. These entities, including stock brokers, mutual funds, and investment advisors, must register with UIDAI and enter agreements with KYC User Agencies (KUAs) to perform client authentication. The circular aims to protect investor interests and promote market development, as per the Securities and Exchange Board of India Act, 1992.