SEBI – Circular
SEBI – Circular
Category: CKYC
Master Direction – Know Your Customer (KYC) Direction by RBI.
RE’s are obligated to submit KYC records of Legal Entity Accounts opened on and after 01st April 2021 and with periodic updation when the updated KYC information is obtained
IRDAI circular
The IRDAI circular necessitates all Life and General Insurers (Including Standalone Health Insurers) to submit KYC information for legal entities records onboarded on or after 01st April 2021 & incremental upload of data at the time of periodic review.
Master Direction – Know Your Customer (KYC) Direction, 2016 (Updated as on Dec 18, 2020)
This communique necessitates upload of KYC information for the Legal entity customer on or after 01st April 2021 along with other keen obligations.
CERSAI Communiques
CKYC Communiques to the Reporting entities covering all the enhancements and template changes since inception.
Master Direction – Know Your Customer (KYC) Direction, 2016 (Updated as on April 20, 2020)
All Regulated Entities are required to follow Customer
identification procedures while undertaking a transaction
either by establishing an account-based relationship or
otherwise and monitor the transactions of these relationships.
Know Your Customer(KYC) Directions, 2016
All indivudual customer onboarded into Financial Institution falling under the NABARD regulatory body, needs to report electronic copy the customer to CKYCR, by the RBI Master directions (KYC-2016)
Gazette Notification authorising REs to upload electronic copy of KYC data of their clients within 10 days
Notification authorises every reporting entity to upload within ten days after the commencement of an account-based relationship with a client, file the electronic copy of the client’s KYC records with the Central KYC Records Registry. This was three days earlier.
Uploading of existing clients’ KYC details
Circular details out the dates for CKYC compliance (for the new accounts opened after Aug 1, 2016) required for entities registered under SEBI.
For the Mutual fund entities, all the existing customer to be uploaded to CKYCR in tranches of 30% by November 30, 2016, another 30% by January 31, 2017 and the rest 40% data by March 31, 2017.
Operationalisation of CKYC & Uploading of existing clients’ KYC details
The circular makes the RBI Master Directions on PMLA
applicable to RRBs.