The Securities and Exchange Board of India (SEBI) on March 16, 2023, issued a notification regarding Common and simplified norms for processing investor service requests by RTAs and norms for furnishing PAN, KYC details, and Nomination.
The following has been stated namely: -
• The norms/procedural requirements for processing service requests of investors are specified namely: -
1. Mandatory furnishing of PAN, KYC details, and Nomination by holders of physical securities
2. The folios wherein any one of the cited documents/details as prescribed are not available on or after October 01, 2023, shall be frozen by the RTA
3. Self-attested copies of documents will be accepted by the RTA for processing service requests
4. The security holder/claimant may provide the documents/details to the RTAs for various service requests by way of ‘In Person Verification’ (IPV) or Post or electronic mode with e-sign
• The Mandatory furnishing of PAN, KYC details, and Nomination by holders of physical securities has been attached to Annexure - A
• Mode for providing documents/details by investors for service requests has been attached to Annexure –B
• The Standardized, simplified, and common norms along with operating guidelines for processing investor service requests have been attached to Annexure – C
• The Forms for availing various Investor services have been attached to Annexure – D
• The Documents for Proof of Identity have been attached to Annexure – E
• The documents for Proof of Address have been attached to Annexure – F
This circular shall come into force with effect from April 01, 2023
Please refer to the circular for more information
[Notification No. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/37]
