Mumbai, April 7: BSE Technologies, a 100 per cent subsidiary of BSE, has received authorisation from Securities and Exchange Board of India (SEBI) to act as a KYC KRA agency. KYC KRA is SEBI regulated intermediary. Which will grant the market participants authorisation of investor’s ‘Know Your Client’ (KYC). Which will be mandatory for investment in the securities market. “In line with the government’s vision of inclusive investor reach, where KYC is a pre-requisite for commencement of any investments in the securities market, BSE’s initiative through BTPL would go a long way towards achieving inclusive investor reach in the securities market,” BSE said in a statement issued here.
Commenting on the development, BSE Managing Director and CEO Ashishkumar Chauhan said. “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. This is an important step by SEBI to enhance the investor faith in the securities markets.”
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