NSE Circular on : Clarifications with respect to SEBI Circular dated April 24 on Online KYC
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Date |
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08-02-2022 |
NSE |
Clarifications with respect to SEBI Circular dated April 24 on Online KYC |
KYC |
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Highlights of NSE Circular on Clarifications with respect to SEBI Circular dated April 24 on Online KYC NSE has informed that, with reference to SEBI Circular No. SEBI/HO/MIRSD/DOP/CIR/P/2020/73 dated April 24, 2020, SEBI has through email provided following clarification on “Know Your Client (KYC) Process and Use of Technology for KYC”.
1. With respect to Para 3 (c) of the SEBI circular which mentions use of Aadhaar e-Sign mechanism, it is now further clarified that any document, except for the documents mentioned in the First Schedule of the IT Act 2000, may be authenticated by an investor by way of electronic/digital signature including Aadhaar eSign, therefore, the process of performing KYC can be completed by using electronic/digital signature including Aadhaar eSign. In case of non-individual clients, intermediaries may take caution and satisfy themselves regarding the genuineness of the authorization and identity of the authorized signatories. 2. With regard to requirement of geo-tagging in India mentioned at Para 5 of the SEBI circular, it is reiterated that while completing the investor’s KYC through KYC app of the intermediary, the Registered Intermediary (RI) shall continue to ensure the requirement of geo-tagging with the investor’s physical location in India as per SEBI guidelines till further clarification is issued by SEBI in the matter.
NSE Circular no. NSE/INSP/51278dated February 08, 2022 is enclosed herewith.
In case of any clarification or assistance required in implementation of this circular you may contact VANDANA VANIA (SecMark Consultancy Ltd.)– van...@secmark.in / 9223303460 SHARDUL SHAH - shard...@secmark.in/ 9869265949 / 9653415968 |
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