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<h1>SEBI Amends KYC Registration Agency Rules; Streamlines KYC Process by Removing Certain Physical Document Requirements.</h1> The Securities and Exchange Board of India (SEBI) has issued amendments to the KYC Registration Agency Regulations, 2011, effective upon publication in the Official Gazette. The amendments remove the requirement for 'original' and 'both physical and' in certain clauses. Intermediaries are now required to perform initial KYC/due diligence, upload authenticated KYC information, provide scanned images of KYC documents to the KRA, and retain physical KYC documents. For mutual fund clients, the Registrar to an Issue and Share Transfer Agent may handle these tasks. Intermediaries or mutual funds must provide physical KYC documents or authenticated copies to the KRA upon request.