Sebi plans KYC overhaul to ease client onboarding
The Securities and Exchange Board of India (Sebi) is proposing to revamp know-your-customer (KYC) norms to ease client onboarding, revise the existing risk management framework for KYC registration agencies (KRAs), and align practices with current technological advancements. In a consultation paper released on Friday, the capital markets regulator recommended that intermediaries update client KYC records…