CAMS Investor Services has received approval from SEBI to serve as a KYC Registration Agency (KRA). The KRA initiative is aimed at eliminating the duplication of Know Your Customer (KYC) process which an investor has to go through while dealing with multiple intermediaries such as mutual funds, PMS, PE funds, brokers, depository participants, among others.
http://www.thehindubusinessline.com/markets/stock-markets/article3598923.ece
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