Page 2 - Kyc Compliance
RBI extends deadline for periodic KYC update to March 31, 2022
The central bank had relaxed the rules first in May last year due to the pandemic
 "RBI extends deadline for periodic KYC update to March 31, 2022")
Sebi gives more time to brokers, clearing members to comply with rules
The watchdog has also given time till December 31 to brokers for operating the trading terminals from designated alternate locations
 "Sebi gives more time to brokers, clearing members to comply with rules")
'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
 "'Know Your Customer' data upload: Foreign investors seek exemption")
KYC norms hindering financial penetration
CKYC is failing to have the desired impact due to lack of clear directions from the regulators, and lack of connectivity between the stakeholders and the repository
Mini Budget: FPI surcharge rolled back; no angel tax for start-ups
PSBs get Rs 70,000 crore; home, auto loans to become cheaper
 "Mini Budget: FPI surcharge rolled back; no angel tax for start-ups")
Improved market access for domestic retail investors with Aadhaar-based kYC
Necessary notification for amendments in Prevention of Money Laundering Act would be issued
 "Improved market access for domestic retail investors with Aadhaar-based kYC")
Govt gives 15 more days to directors for KYC with reduced fee of Rs 500
Out of 3.3 mn active directors, only around 1.215 mn directors completed the KYC process by September 15
 "Govt gives 15 more days to directors for KYC with reduced fee of Rs 500")
