Master Direction – Know Your Customer (KYC) Direction, 2016 (Updated as on Dec 18, 2020)

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, REs shall upload this KYC data for all accounts opened prior to Jan 2017/Apr 2017 as the case may be for both Ind/LEs .
RE’s shall ensure that the KYC Identifier be communicated to the account holder and be used for Download under explicit consent from the holder.

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.

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.