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TMI BlogKnow Your Client Requirements - Clarification on voluntary adaptation of Aadhaar based e-KYC processX X X X Extracts X X X X X X X X Extracts X X X X ..... ies 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. Custodians Dear Sir/Madam, Sub: Know Your Client Requirements - Clarification on voluntary adaptation of Aadhaar based e-KYC process 1. The Hon'ble Su ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... be noted that the provisions laid down under the Prevention of Money-Laundering Act, 2002, Prevention of Money-Laundering (Maintenance of Records) Rules, 2005, SEBI Master Circular on Anti Money Laundering (AML) dated December 31, 2010 and SEBI Circular on AML dated March 12, 2014 and relevant KYC circulars issued from time to time shall continue to remain applicable. 4. This clarificatory cir ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... fied that for accessing the details enabling client identification and authentication from UIDAI based on client authorisation, on voluntary basis, intermediaries who utilize the services of KYC Service Agencies (KSAs) would be registered as KYC User Agencies (KUA) with UIDAI. 1. For entering into account based relationship, the client may provide the following information to the intermediary: ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tax website. 5. After due validation of Aadhaar number provided by the client, the intermediary (acting as KUA) shall receive the KYC information about the client from UIDAI through KSA. 6. The information downloaded from UIDAI shall be considered as sufficient information for the purpose of KYC verification. The intermediary shall upload this KYC information on the KRA system in terms of KR ..... X X X X Extracts X X X X X X X X Extracts X X X X
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