NSE Guidelines in pursuance of amendment to SEBI KYC (Know Your client) Registration Agency (KRA) Regulations, 2011

LegalitySimplified

NSE has issued the Guidelines in pursuance of amendment to SEBI KYC (Know Your client) Registration Agency (KRA) Regulations, 2011. It is clarified that the clients whose KYC are not found to be validated by KRAs or clients with KYCs which are “On Hold” for any reasons (both AADHAAR and Non-AADHAAR based) uploaded from September 01, 2023 to January 31, 2024 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. February 17, 2024.

Eventually, such open positions will naturally expire on the expiry date of the respective contract. In view of the above, the Exchange shall flag the non-compliant PANs provided by the KRAs, as Not permitted to trade starting from February 17, 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 non-validated clients as mentioned above have been provided at the below mentioned location:
• Visit the member portal link: https://inspection.nseindia.com/MemberPortal/
• File Path: ENIT > Log > Downloads
• Refer the file: _Non-Validated Clients by KRA

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