Capital markets regulator Securities and Exchange Board of India, SEBI, has launched India’s first Know Your Customer Registration Agency - KRA.
SEBI’s Chairman, Mr. U.K. Sinha launched the service at Bombay Stock Exchange.
This system avoids duplication of customer details and is interoperable, which means that other market participants can share the data and bring in more uniformity.
Sebi will soon launch a mass media campaign to educate retail investors about the simplified KYC norms.
