N O T I C E
Dated :July 27, 2016
Trading
members are hereby informed that the Exchange has received a Circular from SEBI
vide Ref. No.CIR/MIRSD/66
/2016 dated July21, 2016 regarding Operationalisation of Central KYC Records
Registry (CKYCR). The contents of the said circular are reproduced hereunder for
information of trading members.
CIRCULAR
CIR/MIRSD/ 66 /2016
July 21, 2016
1.All Recognized Stock Exchanges 2.Stock
Brokers through Recognized Stock Exchanges 3.All recognised Depositories
4.Depository Participants through Depositories 5.Association of Mutual Funds in
India 6.Mutual funds through AMFI 7.Portfolio Managers 8.KYC Registration
Agencies (KRAs) 9.Alternative Investment Funds (AIFs) 10.Collective Investment
Schemes CIS) 11.Custodians12.Investment
Advisors
Dear Sir/Madam,
Sub: Operationalisation of Central KYC Records Registry
(CKYCR)
1.Please refer to SEBI circulars no.
CIR/MIRSD/16/2011 dated August 22, 2011,MIRSD/SE/Cir-21/2011 dated October 5,
2011 and CIR/MIRSD/13/2013 dated December 26, 2013 on uniform Know Your Client
(„KYC‟) norms, prescribing a standard account opening form (AOF). AOF has
been divided in 2 parts - Part I contains the basic KYC details of the investor
used by all SEBI registered intermediaries.
2.Government of India has authorized the
Central Registry of Securitization and Asset Reconstruction and Security
interest of India (CERSAI), set up under sub-section (1) of Section 20 of
Securitisation and Reconstruction of Financial Assets and Enforcement of
Security Interest Act, 2002, to act as, and to perform the functions of, the
Central KYC Records Registry under the PML Rules 2005,including receiving,
storing, safeguarding and retrieving the KYC records in digital form of a
“client”, as defined in clause (ha) sub-section (1) of Section 2 of the Prevention
of Money Laundering Act, 2002 (Copy of the Gazette notification No. S.O.
3183(E) dated November 26, 2015 is attached as Annexure 1).
3.As per the 2015 amendment to PML
(Maintenance of Records) Rules, 2005 (the rules), every reporting entity shall
capture the KYC information for sharing with theCentral KYC Records Registry in
the manner mentioned in the Rules, as per the KYC template for
„individuals‟ finalised by CERSAI.
4.Accordingly, the KYC template finalised
by CERSAI shall be used by the registered intermediaries as Part I of AOF for
individuals. The KYC template for “individuals and the “Central KYC Registry
Operating Guidelines 2016” for uploading KYC records on CKYCR finalised by
CERSAI are enclosed herewith as Annexure 2 and Annexure 3 for your reference
and necessary action. In this regard, it is clarified that the requirement for
Permanent Account Number (PAN) would continue to be mandatory for completing
the KYC process.
5. The „live run‟ of the CKYCR has
started with effect from July 15, 2016 in a phased manner beginning with new
„individual accounts‟. Further, „Test Environment‟ has also been
made available by CERSAI for the use of the reporting entities.
6. In the first phase, the registered
intermediaries shall upload the KYC data with CKYCR, in respect of all
individual accounts opened on or after August 1, 2016, wherever KYC is required
to be carried out as per the circulars issued by SEBI from time to time and accordingly,
shall take steps to prepare their systems for uploading the KYC data.
7. For addressing any difficulty in uploading KYC
records to CKYCR, CERSAI has operationalised a help desk. Contact details of
the CKYCR Helpdesk:
Phone: 022-61102592 (10 lines)
Email: helpdesk@ckycindia.in
The helpdesk support will be available Monday to Saturday
from 8.00 am to 8.00 pm.
8. This circular is issued in exercise of
the powers conferred under Section 11(1) of the Securities and Exchange Board
of India Act, 1992 to protect the interests of investors in securities and to
promote the development of and to regulate the securities market.
Yours faithfully,
D Rajesh Kumar
Deputy General Manager
Email: rajeshkd@sebi.gov.in Encl:
Annexure 1
– Gazette Notification No. S.O. 3183(E) dated November 26, 2015 Annexure
2 - KYC template for “individuals” finalised by CERSAI Annexure
3 - Central KYC Registry Operating Guidelines 2016
Trading
Members are requested to take note of the aforesaid guidelines of SEBI and act
accordingly.
M.A.V. Raju
General Manager