Amendment to Master Direction (MD) on KYC – Centralized KYC Registry – Roll out of Legal Entity Template & other changes
- Regulated Entities (REs) have been uploading the KYC data pertaining to all individual accounts opened on or after January 1, 2017 on to CKYCR. Changes to the template, as and when required are released by CERSAI(Central Registry of Securitisation Asset Reconstruction and Security Interest of India) after consulting the Reserve Bank.
- Also the CKYCR(Central KYC Registry) is now fully operational for individual customers.
- REs shall upload the KYC data pertaining to accounts of LEs opened on or after April 1, 2021.
- REs shall also ensure that in case of accounts of LEs opened prior to April 1, 2021, the KYC records are uploaded on to CKYCR during the process of periodic updation.
https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12008&Mode=0