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

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

13-Feb-2026 | NSE/ISC/72795

NSE has issued a circular on the guidelines in pursuance of the amendment to SEBI KYC (Know Your Client) Registration Agency (KRA) Regulations, 2011, effective from 13th February 2026.

By virtue of this circular, it has been 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 uploaded to the KRA from January 01, 2026 to January 31, 2026, shall neither be Permitted to Trade on the Exchange, nor will they be allowed to square up their open positions, if any, w.e.f. February 28th, 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. February 28th, 2026.

Kindly refer to the attached document for more information.

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