Uploading of the existing clients’ KYC details in the KYC Registration Agency (KRA) system by the intermediaries

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.... MIRSD/SE/Cir-21/2011 dated October 5, 2011, MIRSD/Cir-23/2011 dated December 2, 2011 and MIRSD/Cir- 26 /2011 dated December 23, 2011 on KYC related issues. 1. SEBI simplified the account opening process for investors and made it uniform across intermediaries in the securities markets vide aforementioned circulars. Further, to avoid duplication of KYC process with every intermediary, KRA system was developed for centralization of the KYC records in the securities markets. The system was made applicable for new clients who opened accounts with the intermediaries from January 1, 2012. 2. Now, for convenience of the clients registered prior to January 1, 2012 (hereinafter referred to as 'existing clients') and to expand the centralized datab....

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....Existing clients of intermediary who trade/ invest/ deal with it during the below mentioned time period Timeline for intermediary to upload existing client's KYC data on KRA system & send KYC documents to KRA Timeline for KRA to update the record in their system & send acknowledgement to the existing client April 16, 2012 - June 15, 2012 August 31, 2012 September 30, 2012 June 16, 2012 - August 31, 2012 October 31, 2012 November 30, 2012 September 1, 2012 - October 31, 2012 November 30, 2012 December 31, 2012 November 1, 2012 - December 31, 2012 January 31, 2013 February 28, 2013 January 1, 2013 - February 28, 2013 March 15, 2013 March 31, 2013 The KYC data of the existing clients, who trade / invest or deal after the....