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Securities and Exchange Board of India [KYC (Know Your Client) Registration Agency] (Amendment) Regulations, 2014. - LAD-NRO/GN/2013-14/46/522 - SEBIExtract SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 13th March, 2014 Securities and Exchange Board of India [KYC (Know Your Client) Registration Agency] (Amendment) Regulations, 2014 No. LAD-NRO/GN/2013-14/46/522.- In exercise of the powers conferred by Section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following Regulations to amend the Securities and Exchange Board of India [KYC(Know Your Client) Registration Agency] Regulations, 2011, namely:- 1. These regulations may be called the Securities and Exchange Board of India [KYC(Know Your Client) Registration Agency] (Amendment) Regulations, 2014. 2. They shall come into force on the date of their publication in the Official Gazette. 3. In the Securities and Exchange Board of India [KYC(Know Your Client) Registration Agency] Regulations, 2011, - (i) in regulation 16, for clause (b), the following shall be substituted, namely,- (b) When the client approaches another intermediary subsequently, the intermediary shall verify and download the client s details from the system of KRA: Provided that upon receipt of information on change in KYC details and status of the clients by the intermediary or when it comes to the knowledge of the intermediary, at any stage, the intermediary shall be responsible for uploading the updated information on the system of KRA and retaining the physical documents. U. K. SINHA, Chairman [ADVT. III/4/Exty./69ZB/13] Footnote: 1. The SEBI [KYC(Know Your Client) Registration Agency] Regulations, 2011 were published in the Gazette of India on 02 December, 2011 vide No. LAD-NRO/GN/2011-12/29/36772. 2. The SEBI [KYC (Know Your Client) Registration Agency] Regulations, 2011 were subsequently amended on 22 nd March, 2013 by Securities and Exchange Board of India [KYC(Know Your Client) Registration Agency] (Amendment) Regulations, 2013 vide No. LAD-NRO/GN/2012-13/35/6998.
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