SC: Menstrual Health is a Fundamental Right under Article 21; Orders Free Sanitary Pads in Schools  ||  Supreme Court: Industrial Court is the Proper Forum to Decide Issues Relating to Contract Labour  ||  Supreme Court: Only Civil Court of Original Jurisdiction Can Extend Arbitral Tribunal’s Mandate  ||  SC: Demolition of Private Property Must Rest on Clear Statutory Grounds and Due Consideration  ||  SC: After Complaint Was Withdrawn, BCI Disciplinary Committee Could Not Penalise Advocate  ||  MP HC: Decree Holder Cannot Defeat Compromise or Initiate Execution by Refusing Debtor’s Cheque  ||  MP HC: Spouse’s Income Cannot Be Clubbed With Public Servant’s for Disproportionate Assets Case  ||  Ker HC: Bar Association is Not Employer & Cannot Form Internal Complaints Committee under POSH Act  ||  SC: Ex-Contract Workers Must Be Preferred When Employers Replace Contract Labour With Regular Staff  ||  SC: Waqf Tribunals Cannot Hear Claims over Properties Not Listed or Registered under Waqf Act    

Central KYC Records Registry nears operation- (Insurance Regulatory and Development Authority) (12 Jul 2016)

MANU/IRDA/0022/2016

Insurance

IRDA announced completion of key steps in the finalisation of Know Your Customer Template for "individuals" and Operating Guidelines for uploading of KYC records by reporting entities to the Central KYC Records Registry.

The Central Registry of Securitisation and Asset Reconstruction and Security Interest of India will perform the functions of the CKYCRR under the PML (Maintenance of Records) Rules, 2005, effective 15 July 2016. The Rules require reporting entities to electronically file client KYC records within three days.

The government had announced in the 2012-2013 budget that a Central KYC depository would be developed to avoid multiplicity of KYC data received by banks and other financial institutions.

Tags : KYC   CENTRAL REPOSITORY   MULTIPLICITY  

Share :        
The Central Registry of Securitisation and Asset Reconstruction a... For read more news from newsroom.manupatra.com"data-action="share/whatsapp/share" class="ic_wtsp-grid">

Disclaimer | Copyright 2026 - All Rights Reserved