NCDEX notified regarding the Guidelines in pursuance of amendment to SEBI KYC (Know Your client) Registration Agency (KRA) Registrations, 2011

The National Commodity & Derivatives Exchange Limited (NCDEX) on June 13, 2025, notified regarding the Guidelines in pursuance of amendment to SEBI KYC (Know Your client) Registration Agency (KRA) Registrations, 2011.

The following has been stated namely: -

• It states that KYCs are not found to be validated by KRAs for the following- 

• KYCs which are “On Hold” for any reason (both AADHAAR and Non-AADHAAR based OVD) uploaded to the KRA from May 01, 2025, to May 31, 2025. 

• Such UCCs shall neither be permitted to trade on the Exchange, nor will they be able to square up their open positions, if any, w.e.f. June 30, 2025, until they comply with the aforesaid requirement. Eventually, such open positions will naturally expire on the expiry date of the respective contract.

• 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. 

• The list of non-validated clients as mentioned above is provided under the below-mentioned Path: WEB Extranet - Download files screen - Reports- Dnld 

Detailed notification is attached below.

[Circular No: NCDEX/MEMBERSHIP-021/2025]