MASTER CIRCULAR
SEBI/HO/MIRSD/SECFATF/P/CIR/2023/169 October 12, 2023
To,
1. All Intermediaries registered with SEBI under Section 12 of the Securities and Exchange Board of India Act, 1992
2. Recognised Stock Exchanges
3. Association of Mutual Funds in India (AMFI)
4. Association of Portfolio Managers in India (APMI)
5. BSE Administration & Supervision Limited (BASL)
Dear Sir / Madam,
Subject: Master Circular on Know Your Client (KYC) norms for the securities market
1. The Securities and Exchange Board of India (SEBI) has been issuing various circulars/directions from time to time on Know Your Client (KYC) norms to be followed by intermediaries in the securities market. In order to enable the users to have access to all the applicable circulars/directions at one place, this Master Circular on the captioned subject is being issued.
2. This Master Circular is a compilation of the circulars/directions issued by SEBI up to September 30, 2023 on the captioned subject and includes certain modifications to align such circulars/directions with the provisions of the Prevention of Money Laundering (Maintenance of Records) Rules, 20051 and the Securities and Exchange Board of India [KYC (Know Your Client) Registration Agency] Regulations, 20112. The provisions of this Master Circular shall come into force from the date of its issue.
For full notification please refer to the attachment