This is with reference to SEBI/HO/MIRSD/FATF/P/CIR/2023/0144 dated August 11, 2023, BSE notice no. 20230811-35 dated August 11, 2023, 20230818-44 dated August 18, 2023, and 20230902-1 dated September 02, 2023 and 20231023 -30 dated October 23, 2023 and 20240207-44 dated February 07, 2024 on “Simplification of KYC process and rationalisation of Risk Management Framework at KYC (Know Your Client) Registration Agencies (KRAs)” and “Guidelines in pursuance of amendment to SEBI KYC (Know Your client) Registration Agency (KRA) Regulations, 2011.
In continuation to the above circulars, “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 February 01, 2024 to February 29, 2024.
Such UCCs shall neither be Permitted to trade on the Exchange, nor will they be able to square up their open positions, if any, w.e.f. March 23, 2024 until they comply with the aforesaid requirement. Eventually, such open positions will naturally expire on the expiry date of the respective contract.
In view of the above, the Exchange shall flag the non-compliant PANs provided by the KRAs, as Not permitted to trade w.e.f March 23, 2024. 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.
The list of non-validated clients as mentioned above have been provided at the below mentioned location:
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Path
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Name of File
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EQ\Transaction\ MAR-2024\13-03-2024
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Non_Validated_Clients_by_ KRAs_Clgno_<MemberCode>.TXT
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In case of any clarifications, members may contact us on details given as under:
For and on behalf of BSE Ltd.
Hiteshkumar Desai Jyoti Thukral
General Manager Senior Manager
Inspection Inspection |