SEBI on October 12, 2023 has issued Master Circular on Know Your Client (KYC) norms for the securities market. SEBI registered intermediaries shall perform KYC in securities market through physical mode/ digital (online or app based) mode. To bring about uniformity in securities market, all SEBI registered intermediaries shall use the same KYC form and supporting documents. The account opening form (AOF)for client shall bedivided into two parts:
- Part I of the AOF shall be the KYC form which shall capture the basic details about the client. For this purpose, all registered intermediaries shall use the KYC templates provided by Central Registry of Securitization Asset Reconstruction and Security Interest of India (CERSAI) for individuals and for legal entities for capturing the KYC information. The CKYCR templates -Individual and Legal Entity provided by CERSAI is available at https://www.ckycindia.in/ckyc/?r=download.
- Part II of the form shall obtain the additional information specific to the area of activity of the intermediary, as considered appropriate by them. The instant Master Circular deals with the provisions of Part I -KYC form.
