SEBI Update – Master Circular on Know Your Client (KYC) norms for the securities market

This Master Circular is a compilation of the circulars/directions issued by SEBI up to September 30, 2023, on  Know Your Client (KYC) norms for the securities market includes certain modifications to align such circulars/directions with the provisions of the Prevention of Money Laundering (Maintenance of Records) Rules, 2005 and the Securities and Exchange Board of India [KYC (Know Your Client) Registration Agency] Regulations, 2011.

The provisions of this Master Circular shall come into force from the date of its issue.

Any modifications/updation in existing KYC records, shall be effected in line with the provisions of this Circular by December 31, 2023.

Link – https://www.sebi.gov.in/legal/master-circulars/oct-2023/master-circular-on-know-your-client-kyc-norms-for-the-securities-market_77945.html