Simplified measures: expanded acceptable documents for proof of address enabling KYC for low-risk customers under AML rules.
The amendment expands simplified measures under the PML Rules by deeming specified alternative documents - recent utility bills, property or municipal tax receipts, bank or post office account statements, pension payment orders with address, employer allotment letters or leave-and-license agreements for official accommodation, and foreign government or embassy documents - as Officially Valid Documents for the limited purpose of proof of address where low-risk customers cannot produce standard OVDs; institutions must revise KYC policies accordingly.

Designated Director requirement clarified: NBFCs may appoint a senior management officer but not the Principal Officer.
NBFCs must nominate a Designated Director to ensure compliance under the Prevention of Money Laundering (Amendment) Act, 2012; the nominee may be a board Director or a senior management officer or equivalent, but the Principal Officer must not be nominated as the Designated Director.