The Securities and Exchange Board of India on 27th July 2022, has extended the timeline by three months to 1st November 2022, for commencing the validation of all KYC records by KYC Registration Agencies (KRAs)
As per clause 9 of SEBI KYC (Know Your Client) Registration Agency (KRA) Regulations, 2011, the KYC records of all existing clients (who have used Aadhaar as an officially valid document (OVD) shall be validated within a period of 180 days from 1st November 2022 and for those clients who have completed KYC using non-Aadhaar OVD, their records will be validated only after they have given their Aadhaar number.
