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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>SEBI Simplifies KYC Process with New Circular, Enhances Risk Management at KRAs Effective September 1, 2023.</h1> The Securities and Exchange Board of India (SEBI) has issued a circular to simplify the Know Your Client (KYC) process and rationalize the risk management framework at KYC Registration Agencies (KRAs). Effective September 1, 2023, the circular allows clients to open accounts and transact in the securities market upon completing the KYC process, which includes verifying the client's PAN, name, address, mobile number, and email. Validated records will be portable across intermediaries, eliminating the need for repeated KYC processes. Existing client records must be verified within 90 days from September 1, 2023. This circular supersedes the previous one dated April 6, 2022.