BSE Technologies to operate KYC Registration Agency, gets Sebi nod

BSE Technologies, a subsidiary of BSE announced the launch of KYC Registration Agency (KRA), which maintains KYC records of investors in an electronic form. KRA is a Sebi-regulated intermediary that grants the market participants authorisation for investors’ Know Your Client (KYC), which is mandatory for investment in the securities market.

KYC KRA has become a key segment for securities market investors and acts as a starting point for any investor’s journey in the securities market.

“We thank Sebi for reposing its faith in BSE to operate as a KYC Registration Agency. Over the years, BSE group has played a pioneering role in transforming the Indian capital markets and is pleased to launch one more service towards achieving inclusive investor reach,” Sameer Patil, Chief Business Officer of BSE, said in a statement.