New Enroll in RBI Grade B New Batch - Starts on May 21

    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 __________ .
    A December 30,2023 Correct Answer Incorrect Answer
    B January 1,2024 Correct Answer Incorrect Answer
    C February 15,2024 Correct Answer Incorrect Answer
    D March 31,2024 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

      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.

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