Guidelines for KYC Registration Agency Validation
BSE notice 20260612-26 · 12 Jun 2026
Official title
Guidelines in pursuance of amendment to SEBI KYC (Know Your Client) Registration Agency (KRA) Regulations, 2011
Official record
Open source pageSummary
Check the official recordWhat changed
The Exchange restricts trading for clients with KYC records marked as On Hold by KYC Registration Agencies. This restriction applies to KYC records uploaded between May 01, 2026, and May 31, 2026. Affected clients cannot trade or square off open positions starting June 26, 2026, until they complete validation requirements. The Exchange flags these non-compliant PANs as Not Permitted to Trade. Trading Members must access the list of non-compliant clients from the specified Exchange file location. Once a client completes the validation process, the Exchange permits trading on the next business day following receipt of confirmation from the KRA. Additionally, Regulated Entities must block debit transactions and suspend trading accounts for investors reported as deceased through the centralized KRA mechanism.
What you must do
- Trading Members must block debit transactions and suspend trading accounts for investors reported as deceased via the KRA mechanism.
- Trading Members must prevent clients with non-validated KYC from trading or squaring off open positions.
Document text
[Image omitted. See the official document.]
NOTICE
| Notice No. | 20260612-26 |
|---|---|
| Notice Date | 12 Jun 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. 20260512-16 dated May 12, 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 May 01, 2026 to May 31, 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. June 26, 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. June 26, 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:
| Path | Name of File |
|---|---|
| EQ\TRANSACTION\JUN-2026\12-06-2026 | Non_Validated_Clients_by_KRAs_Clgno_xxxx.TXT |
In case of any clarifications, members may contact us on details given as under:
| Contact Nos. | Email ID |
|---|---|
| 022- 2272 8435/5785 | ucc@bseindia.com |
Abhijit Pai Deputy Vice President Investigation
Poonam Pisat Assistant Vice President Investigation
Date: June 12, 2026
Source details
- Source
- BSE Ltd (Bombay Stock Exchange)
- Type
- notice
- Published by source
- 12 Jun 2026
- Document number
- 20260612-26
- Issuing division
- DOSS
- Effective date
- 26 Jun 2026
- Coverage area
- securities