The National Stock Exchange of India (NSE) Limited and the Bombay Stock Exchange (BSE) Limited have issued Guidelines in pursuance of amendment to SEBI KYC Registration Agency (KRA) Regulations, 2011. These guidelines were both issued on 21st April, 2023.
It may be recalled that as per SEBI circular dated 6th April, 2023, clients whose KYC records are not found to be valid by KRA after the validation process shall be allowed to transact in securities market only after their KYC is validated.
Hence, both the NSE and the BSE are instructing Trading Members to strictly comply with this requirement. Clients whose KYC records are not found to be valid by KRA after the validation process shall be allowed to transact in securities market only after their KYC is validated by KRA.
