Investor KYC and nomination norms tighten physical securities compliance, freeze incomplete folios, and standardize RTA service requests. SEBI prescribed common and simplified norms for processing investor service requests by RTAs and for furnishing PAN, KYC details and nomination in respect of physical securities of listed companies. Physical security holders must furnish PAN, nomination, contact details, bank account details and specimen signature, and folios lacking any required detail after the specified cut-off date are to be frozen, with requests and grievance processing allowed only after full compliance. The circular also standardises document submission modes, dispenses with indemnity except where specifically required, and sets operational rules for signature mismatch, change of name, bank detail updates, address proof, forms, disclosures, compliance certification and reporting.
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Investor KYC and nomination norms tighten physical securities compliance, freeze incomplete folios, and standardize RTA service requests.
SEBI prescribed common and simplified norms for processing investor service requests by RTAs and for furnishing PAN, KYC details and nomination in respect of physical securities of listed companies. Physical security holders must furnish PAN, nomination, contact details, bank account details and specimen signature, and folios lacking any required detail after the specified cut-off date are to be frozen, with requests and grievance processing allowed only after full compliance. The circular also standardises document submission modes, dispenses with indemnity except where specifically required, and sets operational rules for signature mismatch, change of name, bank detail updates, address proof, forms, disclosures, compliance certification and reporting.
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