'Know Your Customer' data upload: Foreign investors seek exemption

The RBI had in December said that all regulated entities have to upload 'Know Your Customer' data pertaining to the accounts of legal entities opened on or after April 1, 2021

Topics
Overseas Investors | Foreign investors | know your customer

Ashley Coutinho  |  Mumbai 

Overseas investors have reached out to the Securities and Exchange Board of India (Sebi) and the Reserve Bank of India (RBI), seeking exemption for all foreign entities — including foreign portfolio investors (FPIs), FDIs, foreign venture capital investors (FVCIs), and foreign currency convertible bonds (FCCB) investors — from uploading KYC data on the central registry.

The RBI had in December said that all regulated entities have to upload ‘Know Your Customer’ data pertaining to the accounts of legal entities opened on or after April 1, 2021, to the Central KYC ...

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First Published: Wed, April 07 2021. 01:28 IST
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