The Securities and Exchange Board of India (SEBI) on October 12, 2023, issued a Master Circular on Know Your Client (KYC) norms for the securities market.
This Master Circular is a compilation of the circulars/directions issued by SEBI up to September 30, 2023, on the captioned subject and includes certain modifications to align such circulars/directions with the provisions of the Prevention of Money Laundering (Maintenance of Records) Rules, 2005 and the SEBI [KYC (Know Your Client) Registration Agency] Regulations, 2011.
Any modifications/updations in existing KYC records shall be effected in line with the provisions of this Circular by December 31, 2023. On and from the date of issue of this Circular, all circulars for the purpose of KYC as listed in the Appendix shall stand rescinded/modified as indicated therein.
The provisions of this Master Circular shall come into force from October 12, 2023.
Kindly find the complete master circular attached to the document below.
[Circular No. SEBI/HO/MIRSD/SECFATF/P/CIR/2023/169]
