News From Press Sebi’s master circular on KYC norms: What does it mean for the investors?

Sebi’s master circular on KYC norms: What does it mean for the investors?

Source: Mint Oct 14, 2023

The Capital markets regulator Securities Exchange Board of India (Sebi) released a set of KYC (Know Your Customer) rules for investors via a master circular released on Thursday.

It is a compilation of a number of directions issued by the regulator till Sep 30 and includes modifications to align these circulars with the Prevention of Money Laundering (maintenance of records) Rules 2005. And any modification in the existing KYC records will be affected in line with the provisions of this circular by Dec 31, 2023.

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