Know Your Client (KYC) norms: uniform KYC form, mandatory PAN verification, digital e KYC options, and KRA cybersecurity rules. Master Circular consolidates SEBI's Know Your Client (KYC) requirements, effective on issue, requiring intermediaries to update KYC by December 31, 2023. It mandates a uniform KYC form using CKYCR templates, online PAN verification as the unique identifier, lists accepted PoI/PoA, authorises digital KYC (electronic signatures, DigiLocker, VIPV) and Aadhaar e-KYC through a KUA/sub-KUA model while prohibiting storage of full Aadhaar numbers. KRAs and CKYCR must validate attributes, maintain audit trails, enable portability of validated records, and implement a prescribed Cyber Security and Cyber Resilience framework with incident reporting and audit obligations.
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Know Your Client (KYC) norms: uniform KYC form, mandatory PAN verification, digital e KYC options, and KRA cybersecurity rules.
Master Circular consolidates SEBI's Know Your Client (KYC) requirements, effective on issue, requiring intermediaries to update KYC by December 31, 2023. It mandates a uniform KYC form using CKYCR templates, online PAN verification as the unique identifier, lists accepted PoI/PoA, authorises digital KYC (electronic signatures, DigiLocker, VIPV) and Aadhaar e-KYC through a KUA/sub-KUA model while prohibiting storage of full Aadhaar numbers. KRAs and CKYCR must validate attributes, maintain audit trails, enable portability of validated records, and implement a prescribed Cyber Security and Cyber Resilience framework with incident reporting and audit obligations.
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