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Corporate Laws Central Ministry of Finance Securities and Exchange Board of India Act, 1992

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

15-Apr-2026 | 20260415-22

BSE has issued a notice on the Guidelines in pursuance of the amendment to SEBI KYC (Know Your Client) Registration Agency (KRA) Regulations, 2011.

SEBI hereby issues guidance in pursuance of the amendments to the SEBI KYC (Know Your Client) Registration Agency (KRA) Regulations, 2011, and references SEBI Circular No. SEBI/HO/MIRSD/FATF/P/CIR/2023/0144 dated August 11, 2023 and the latest Exchange Notice No. 20260310-17 dated March 10, 2026, on simplification of KYC processes and rationalisation of Risk Management Framework at KRAs.

It is hereby informed that clients whose KYC details are “On Hold” (both Aadhaar and non-Aadhaar-based OVDs) uploaded to KRAs from March 01, 2026, to March 31, 2026, will neither be permitted to trade nor allowed to square off any open positions with effect from April 25, 2026, until their KYC is validated. Open positions will expire naturally on the respective contract expiry date.

The Exchange will flag all non-compliant PANs as Not Permitted to Trade, and PANs validated subsequently will be allowed to trade on T+1, based on information.

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