Guidelines under SEBI KYC (Know Your client) Registration Agency (KRA) Regulations, 2011


NSE vide circular dated September 02, 2023 has issued guidelines under SEBI KYC (Know Your client) Registration Agency (KRA) Regulations, 2011. Clients whose KYC are not found valid by KRA, 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. September 02, 2023, until they comply with the requirement.

The Exchange shall flag the non-compliant PANs provided by the KRAs, as Not permitted to trade starting from September 04, 2023. It may be noted that these PANs shall also not be allowed to square off their open positions, if any. 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.

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