Question

SEBI has announced a centralized mechanism for reporting and verification through the KYC Registration Agency in case of the demise of an investor. The new framework will come into effect from __________ .

Q: Answer-SEBI has announced a centralized mechanism for reporting and verification through the KYC Registrati...

SEBI has announced a centralised mechanism for reporting and verification through the KYC Registration Agency in case of the demise of an investor. Also, the regulator has put in place operational norms, including the obligations of regulated entities and registered intermediaries that have interfaces with investors or account holders who are natural persons. The new framework will come into effect from January 1, 2024.