Sebi makes KYC process easier for investors


Making Know-Your-Client process easier for investors, Sebi today cleared a proposal to allow various market entities such as brokers and mutual funds to get investor details from centralised KYC agencies, rather than carrying out a fresh KYC verification procedure. Presently, there is an option available to a market intermediary that it may access the centralised KRA (KYC Registration Agency) system in case of a client who is already KYC compliant, or may also carry fresh KYC process. .At a board meeting in New Delhi, Thursday, Sebi decided to do away with the second option of fresh KYC processing being carried out, if the concerned investor has once gone through the KYC procedure with any of the registered intermediaries.
http://economictimes.indiatimes.com/articleshow/30354026.cms?utm_source=contentofinte..
Advertisements

One thought on “Sebi makes KYC process easier for investors

  1. If you are going for finest contents like I do,
    only visit this website everyday since it offers quality contents, thanks

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s