SEBI (Securities and Exchange Board of India) on 20 March 2014 notified a new set of norms to ease the process of Making Know-Your-Client (KYC) for investors.
The newly issued set of norms will allow various market entities like brokers and Mutual Funds to get details from the centralized KYC agencies, instead of carrying out a fresh KYC verification procedure.
This facility will allow the market intermediary to access the centralized KYC Registration Agency system in the case the client is already KYC complaint to verify and download the client’s details from the Agency’s system.
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