CIRCULAR
SEBI/HO/MIRSD/SECFATF/P/CIR/2024/21 April 05, 2024
To,
1. All Intermediaries registered with SEBI under Section 12 of the Securities
and Exchange Board of India Act, 1992
2. Stock Exchanges
Dear Sir/Madam,
Subject: Entities allowed to use e-KYC Aadhaar Authentication services of
UIDAI in Securities Market as sub-KUA
1. The Master Circular on Know Your Client (KYC) norms for the securities market
SEBI/HO/MIRSD/SECFATF/P/CIR/2023/169 dated October 12, 2023 inter alia has
detailed the provision for the adaptation of Aadhaar based e-KYC process and e-
KYC Authentication facility for Resident Investors under section 11A of the
Prevention of Money Laundering Act, 2002 in securities market as sub-KUA and
on-boarding process of sub-KUA by UIDAI.
2. Department of Revenue, Ministry of Finance (DoR-MoF) has from time to time
issued gazette notifications notifying entities, to undertake Aadhaar authentication
service of UIDAI under Section 11A of the Prevention of Money Laundering Act,
2002.
3. DoR-MoF has vide Gazette Notification S.O. 801(E) dated February 20, 2024,
notified 24 entities which are permitted to use Aadhaar authentication services of
UIDAI under section 11A of the Prevention of Money-laundering Act, 2002. A copy
of the notification is attached at Annexure A
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4. The above mentioned entities shall follow the process as detailed in SEBI circular
dated October 12, 2023 and as may be prescribed by UIDAI from time to time. The
KUAs shall facilitate the on-boarding of these entities as sub-KUAs to provide the
services of Aadhaar authentication with respect to KYC.
5. This circular is issued in exercise of powers conferred under Section 11(1) of the
Securities and Exchange Board of India Act, 1992 to protect the interests of
investors in securities and to promote the development of, and to regulate the
securities markets.
Yours faithfully,
Sapna Sinha
Deputy General Manager
Market Intermediaries Regulation and Supervision Department
Tel. no.:022 2644 9748
email id: sapnas@sebi.gov.in
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