Entities allowed to use e-KYC Aadhaar Authentication services of UIDAI in Securities Market as sub-KUA - SEBI - SEBI/HO/MIRSD/SECFATF/P/CIR/2024/21

CIRCULAR SEBI/HO/MIRSD/SECFATF/P/CIR/2024/21 April 05, 2024 To, 1. All Intermediaries registered with SEBI under Section 12 of the Securities and Exchange Board of India Act, 1992 2. Stock Exchanges Dear Sir/Madam, Subject: Entities allowed to use e-KYC Aadhaar Authentication services of UIDAI in Securities Market as sub-KUA 1. The Master Circular on Know Your Client (KYC) norms for the securities market SEBI/HO/MIRSD/SECFATF/P/CIR/2023/169 dated October 12, 2023 inter alia has detailed the provision for the adaptation of Aadhaar based e-KYC process and e-KYC Authentication facility for Resident Investors under section 11A of the Prevention of Money Laundering Act, 2002 in securities market as sub-KUA and on-boarding process of sub-KUA by UIDAI. 2. Department of Revenue, Ministry of Finance (DoR-MoF) has from time to time issued gazette notifications notifying entities, to undertake Aadhaar authentication service of UIDAI under Section 11A of the Prevention of Money Laundering Act, 2002 . 3. DoR-MoF has vide Gazette Notification S.O. 801(E) dated February 20, 2024 , notified 24 entities which are permitted to use Aadhaar authentication services of UIDAI under section 11A of the Prevention of Money-laundering Act, 2002 . A copy of the notification is attached at Annexure A 4. The above mentioned entities shall follow the process as detailed in SEBI circular dated October 12, 2023 and as may be prescribed by UIDAI from time to time. The KUAs shall facilitate the on-boarding of these entities as sub-KUAs to provide the services of Aadhaar authentication with respect to KYC. 5. This circular is issued in exercise of 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 markets. Yours faithfully, Sapna Sinha Deputy General Manager Market Intermediaries Regulation and Supervision Department Tel. no.:022 2644 9748 email id: [email protected]