SEBI amends KYC registration agency regulations; mandates audit trail of the client’s KYC records

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  • Last Updated on 11 February, 2022

KYC registration agency regulations; audit trail of the client’s KYC records; EBI {KYC (Know Your Client) Registration Agency} (Amendment) Regulations 2022

Notification No. SEBI/LAD-NRO/GN/2022/72

SEBI notifies SEBI {KYC (Know Your Client) Registration Agency} (Amendment) Regulations, 2022 on 28/01/2022. Amendments has been made in regulations 2,7,14,15,16,18 and Schedule 1. SEBI has introduced two new terms namely “change in control” & “controlling interest”. Now it is mandatory to obtain board approval whenever there is a change in the controlling interest of KRA. Further, it is mandatory for KRA to maintain audit trails of the client’s KYC records.

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