Entities permitted to undertake e-KYC Aadhaar Authentication service of UIDAI in Securities Market

Last updated: 15 May 2020

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The Securities and Exchange Board of India (SEBI) has issued a circular permitting specific entities to conduct e-KYC Aadhaar Authentication services. This update follows a notification from the Department of Revenue allowing non-banking entities to use Aadhaar authentication under the Prevention of Money Laundering Act. Nine entities, recommended by UIDAI and SEBI, are now authorised to perform this service, subject to compliance with UIDAI and SEBI regulations.

Securities and Exchange Broad of India CIRCULAR SEBI/HO/MIRSD/DOP/CIR/P/2020/80 May 12, 2020 To, All Recognized Stock Exchanges All Recognized Depositories Stock Brokers through Recognized Stock Exchanges Depository Participants through Depositories Association of Mutual Funds in India All Mutual funds and AMCs through AMFI Portfolio Managers KYC Registration Agencies (KRAs) Qualified Registrar to an Issue and Share Transfer Agents (QRTAs) Alternative Investment Funds (AIFs

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FAQ :

This circular clarifies which entities are permitted to undertake the e-KYC Aadhaar Authentication service of UIDAI within the Securities Market.

The permitted entities include Bombay Stock Exchange Limited, National Securities Depository Limited, Central Depository Services (India) Limited, CDSL Ventures Limited, NSDL Database Management Limited, NSE Data and Analytics Limited, CAMS Investor Services Private Limited, Computer Age Management Services Private Limited.

These entities must register with UIDAI as a KYC User Agency (KUA) and allow SEBI-registered intermediaries and mutual fund distributors to perform Aadhaar Authentication for their clients.

SEBI-registered intermediaries and mutual fund distributors must enter into an agreement with a KUA and register themselves with UIDAI as sub-KUAs.

This circular is available on the SEBI website at www.sebi.gov.in.

Notification No : SEBI/HO/MIRSD/DOP/CIR/P/202
Source : https://www.sebi.gov.in/legal/circulars/may-2020/entities-permitted-to-undertake-e-kyc-aadhaar-authentication-service-of-uidai-in-securities-market_46665.html

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