Guidelines in pursuance of amendment to SEBI KYC (Know Your Client) Registration Agency (KRA) Regulations, 2011

NOTICE Notice No. 20260512-16 Notice Date 12 May 2026 Category Compliance Segment General Department DOSS Subject Guidelines in pursuance of amendment to SEBI KYC (Know Your Client) Registration Agency (KRA) Regulations, 2011 Attachments No Attachment To All Members, Sub: Guidelines in pursuance of amendment to SEBI KYC (Know Your Client) Registration Agency (KRA) Regulations, 2011 This is with reference to SEBI Circular No. SEBI/HO/MIRSD/FATF/P/CIR/2023/0144 dated August 11, 2023, and pursuant to Exchange Circular issued on monthly basis in respect to Guidelines in pursuance of amendment to SEBI KYC (Know Your Client) Registration Agency (KRA) Regulations, 2011 with the latest notice no. 20260415- 22 dated April15, 2026, on “Simplification of KYC process and rationalisation of Risk Management Framework at KYC (Know Your Client) Registration Agencies (KRAs)” and “Guidelines in pursuance of amendment to SEBI KYC (Know Your client) Registration Agency (KRA) Regulations, 2011”. It may be noted that as per SEBI Circular SEBI/HO/OIAE/OIAE_IAD- 1/P/CIR/2023/0000000163 dated October 03, 2023, on Centralized mechanism for reporting the demise of an investor through KRAs, all Regulated Entities registered with SEBI should block debit transactions in those accounts including suspension of all transactions in the trading account and inactivate/close the UCC in all the Stock Exchanges. Trading Members are informed that demise data is being shared by the KRA on daily basis. It is hereby informed that the clients whose KYC are not found to be validated by KRAs, i.e. where the KYCs are “On Hold” for any reasons (both AADHAAR and Non-AADHAAR based OVD) uploaded to the KRA from April 01, 2026 to April 30, 2026 shall neither be Permitted to Trade on the Exchange, nor will they be allowed to square off their open positions, if any, w.e.f. May 23, 2026 until they comply with the validation requirements. Eventually, such open positions will naturally expire on the expiry date of the respective contract. The Exchange shall flag the non-compliant PANs, provided by the KRAs, as Not Permitted to Trade w.e.f. May 23, 2026. All PANs that become KRA compliant subsequently, will be permitted to trade on T+1, based on the information received from KRA by the Exchange on T Day. The list of such non-compliant clients as mentioned above have been provided at the below mentioned location: In case of any clarifications, members may contact us on details given as under: Abhijit Pai Shubham Benere Deputy Vice President Deputy Manager Investigation Investigation Date: May 12, 2026 Path Name of File May -2026\12-05-2026\EQ\Transaction Non_Validated_Clients_by_KRAs_Clgno_xxxx.TXT Contact Nos. Email ID 022- 2272 8435/5785 ucc@bseindia.com