On 24-06-2022, Securities and Exchange Board of India (‘SEBI’), on request from the KYC Registration Agency extended the date of the commencement from 01-07-2022 till 01-08- 2022 of the following :
- KYC records of all existing clients (who have used Aadhaar as an OVD) shall be validated within a period of 180 days from 01-08 2022.
- The validation of all KYC records (new and existing) shall commence from 01-08-2022.
This circular has been issued to protect the interests of investors in securities and to promote the development of, and to regulate the securities market. The Circular dated 06-04-2022 was issued by SEBI in pursuance of amendment to SEBI KYC Registration Agency Regulations, 2011 according to which Clause 9 and Clause 13 were to come effect from 01-07-2022.