To All Members,
Sub: Guidelines in pursuance of amendment to SEBI KYC (Know Your client) Registration Agency (KRA) Regulations, 2011
This is with reference to SEBI circular No. 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 and 20240313-29 dated March 13, 2024 and 20240410-50 dated April 10, 2024 and 20240614-52 dated June 14, 2024 and 20240704-41 dated July 04, 2024 and 20240712-15 dated July 12, 2024 and 20240814-45 dated August 14, 2024 and 20240909-27 dated September 09, 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.
It is hereby 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 September 01, 2024 to September 30, 2024 shall neither be Permitted to Trade on the Exchange, nor will they be allowed to square off their open positions, if any, w.e.f. October 26, 2024 until they comply with the validation requirements. Eventually, such open positions will naturally expire on the expiry date of the respective contract.
The Exchange shall flag the non-compliant PANs, provided by the KRAs, as Not Permitted to Trade w.e.f. October 26, 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 such non-compliant 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\Oct-2024\10-10-2024
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Non_Validated_Clients_by_KRAs_Clgno_xxxx.TXT
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In case of any clarifications, members may contact us on details given as under:
Spandan Jayadevulu Poonam Pisat
Senior Manager Manager
Investigation Surveillance and Investigation
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