The Securities and Exchange Board of India (Sebi) opposes delegating the responsibility of conducting knowyour-client (KYC) formalities to individual entities due to fears of "Paytmlike contamination".
In response to a question about centralising KYC across the financial system, Sebi Chairperson Madhabi Puri Buch (pictured) said, "The current KYC registration agency (KRA) system is widely acknowledged and robust. If you have a validated KYC by a KRA, you don't need to repeat the KYC process in the capital markets."
KRA is a Sebi-regulated body responsible for conducting and maintaining KYC records within the capital market ecosystem.
この記事は Business Standard の July 31, 2024 版に掲載されています。
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7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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