The Securities and Exchange Board of India vide notification dated 24th June 2022, has extended the timeline by one month to 1st August 2022, for commencing validation of all KYC records (new and existing) by (Know Your client) Registration Agency (KRA).
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 August 01, 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.
