The Securities and Exchange Board of India (SEBI) on June 06, 2024, issued the notification regarding the Uploading of KYC information by KYC Registration Agencies (KRAs) to the Central KYC Records Registry (CKYCRR).
The following has been stated namely: -
• Reference is drawn to the SEBI Master Circular on KYC norms in the securities market
• The aforesaid Master Circular has been modified namely: -
o Para 114(a) shall be inserted namely: -
“Registered intermediaries shall continue to upload/download/modify the KYC information with proper authentication on the systems of KRA, as per the provisions of SEBI KRA Regulations, 2011
o Para 115 of the Master Circular shall read as under: -
“KRAs shall upload the verified/validated KYC information onto the system of CKYCRR within 7 days of receiving the same from intermediaries or any other timeline as notified under PML Rules. The KRAs shall integrate their systems with CKYCRR and commence the uploading of KYC records on CKYCRR from August 01, 2024”
o Para 116 of the Master Circular shall read as under: -
“KRAs shall ensure that existing KYC records of legal entities and of individual clients are uploaded onto CKYCRR within a period of 6 months from August 01, 2024”
[Notification No. SEBI/HO/MIRSD/SECFATF/P/CIR/2024/79]
