NSE notified regarding the Guidelines in pursuance of amendment to the SEBI KYC (Know Your Client) Registration Agency (KRA) Regulations, 2011

The National Stock Exchange (NSE) on August 14, 2024, notified regarding the Guidelines in pursuance of amendment to SEBI KYC (Know Your Client) Registration Agency (KRA) Regulations, 2011.

The following has been stated namely: -

• It has been informed that the clients whose KYCs are not found to be validated by KRAs i.e. where the KYCs are “On Hold” for any reasons (both AADHAAR and Non-AADHAAR based OVD) uploaded to the KRA from July 01, 2024, to July 31, 2024, shall neither be Permitted to Trade on the Exchange nor will they be allowed to square up their open positions, if any, w.e.f. August 31, 2024, until they comply with the validation requirements. Eventually, such open positions will naturally expire on the expiry date of the respective contract.

• It shall flag the non-compliant PANs, provided by the KRAs, as Not Permitted to Trade w.e.f. August 31, 2024. All PANs that become KRA compliant subsequently, will be permitted to trade on T+1, based on the information received from KRA by the Exchange on T day.

[Circular no. - NSE/ISC/63398]