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'Know Your Customer' data upload: Foreign investors seek exemption

The RBI had in December said that all regulated entities have to upload 'Know Your Customer' data pertaining to the accounts of legal entities opened on or after April 1, 2021

FPI, FDI, investment, funds, overseas, foreign, investors

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Subsequently, on March 10, Sebi issued a circular asking regulated entities to do the same but exempted FPIs from the provisions of the circular

Ashley Coutinho Mumbai

3 min read Last Updated : Apr 07 2021 | 1:28 AM IST

Overseas investors have reached out to the Securities and Exchange Board of India (Sebi) and the Reserve Bank of India (RBI), seeking exemption for all foreign entities — including foreign portfolio investors (FPIs), FDIs, foreign venture capital investors (FVCIs), and foreign currency convertible bonds (FCCB) investors — from uploading KYC data on the central registry.

The RBI had in December said that all regulated entities have to upload ‘Know Your Customer’ data pertaining to the accounts of legal entities opened on or after April 1, 2021, to the Central KYC Registry (CKYCR), which serves as the central record for KYC information

Topics : SEBI Overseas Investors Foreign investors know your customer KYC compliance

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