BSE12 Aug 2026noticePrepared by Complied AI

Guidelines in pursuance of amendment to SEBI KYC Registration Agency Regulations

Official title

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

Official record

Summary

What changed

Trading Members must ensure all client KYC records are uploaded to the KYC Registration Agency. Only clients with a status of KYC Registered or KYC Validated may trade. Clients with a status of On Hold for KYC records uploaded between July 01, 2026, and July 31, 2026, cannot trade or square off open positions starting August 29, 2026. These clients must complete validation requirements to resume trading. The Exchange will flag non-compliant PANs as Not Permitted to Trade on August 29, 2026. Trading Members can access the list of non-compliant clients through the specified Exchange portal. Once a client becomes KRA compliant, the Exchange will permit trading on the next business day.

Who is affected: Trading Members registered with the Exchange
Clients with KYC status On Hold for records uploaded between July 01, 2026, and July 31, 2026
Required action: Trading Members must ensure all client KYC records are uploaded to the KRA.
Trading Members must restrict trading for clients with KYC status On Hold.
Key dates: Effective date for trading restrictions — 28 Aug 2026
Consequences: Non-compliant clients cannot trade or square off open positions effective August 29, 2026.
The Exchange will flag non-compliant PANs as Not Permitted to Trade.

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Source details

Source: BSE Ltd (Bombay Stock Exchange)
Type: notice
Published by source: 12 Aug 2026
Document number: 20260813-23
Issuing division: DOSS
Effective date: 28 Aug 2026
Coverage area: securities

Document text

Prepared for reading; wording retained from the source.

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NOTICE

Notice No.	20260813-23
Notice Date	13 Aug 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. 20260714-17 dated July 14, 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.

Further to the above referred circulars, Trading Members are hereby advised to ensure that the KYCs of all the clients have been uploaded to the KRAs and only those clients are permitted to trade whose KRA status is either “KYC Registered” or “KYC Validated”.

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 July 01, 2026 to July 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. Aug 29, 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. Aug 29, 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\AUG-2026\13-08-2026	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: August 13, 2026

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