The Bombay Stock Exchange (BSE) on February 10, 2025, notified regarding the guidelines in pursuance of amendment to SEBI KYC (Know Your Client) Registration Agency (KRA) Regulations, 2011.
The following has been stated namely: -
• It is informed that the clients whose KYC are not found to be validated by KRAs i.e. where the KYCs are “On Hold” for any reasons (both AADHAAR and Non-AADHAAR based OVD) uploaded to the KRA from January 01, 2025, to January 31, 2025, shall neither be Permitted to Trade on the Exchange nor will they be allowed to square up their open positions, if any, w.e.f. February 22, 2025, until they comply with the validation requirements.
• The Exchange shall flag the non-compliant PANs, provided by the KRAs, as Not Permitted to Trade w.e.f. February 22, 2025.
• All PANs that become KRA compliant subsequently, will be permitted to trade on T+1, based on the information received from KRA by the Exchange on T Day.
[Circular no. - 20250210-17]
