SEBI Allows Reporting Entities to Use e-KYC Aadhaar Authentication Services of UIDAI in Securities Market as ‘Sub-KUA’
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- By Chetan Kulasri
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- Last Updated on 21 March, 2024
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Earlier, SEBI had allowed certain reporting entities to perform aadhaar authentication services under the Aadhaar Act, 2016. The permission was granted only for Aadhar authentication as required u/s 11A of the Money Laundering Act, 2002. These entities are now allowed to perform authentication services of UIDAI in the securities market as sub-KUA. The KUAs shall facilitate the onboarding of these entities as sub-KUAs to provide the services of Aadhaar authentication with respect to KYC.
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