Easy KYC for NRIs urgent goal: Sebi chief

INDIA IS YET to establish an easy and secure know your client (KYC) access for NRIs and this is an urgent goal, said Securities and Exchanges Board of India (Sebi) chairman Tuhin Kanta Pandey, addressing brokers of the Bombay Stock Exchange.

- NESIL STANEY

To facilitate their participation in the securities markets, some measures are now under the testing stage, said Pandey.

“A system for allowing the KYC to happen for NRIs, and they don't have to come to India to do this. I hope this will be a very important development once it comes,” Pandey said.

Protecting investors from cyber frauds and misleading advice of unregistered influencers will continue to be a major objective in collaboration with all market institutions and intermediaries.