BSE Technologies receives authorization from SEBI to operate as a KYC Registration Agency
India Infoline News Service |
07 Apr, 2022 |
BSE Technologies Private Limited (BTPL), a 100% subsidiary of BSE received authorization from Securities and Exchange Board of India (SEBI) to act as a KYC KRA agency. BSE has always been at the vanguard of implementing the best and leading-edge technologies, processes, and practices for ensuring the safety and integrity of markets. In line with the Governmentâ€™s vision of inclusive investor reach, where KYC is a pre-requisite for commencement of any investments in the Securities market. BSEâ€™s initiative through BTPL would go a long way towards achieving inclusive investor reach in the securities market.
KYC KRA is SEBI regulated intermediary, which will grant the market participants authorization of investorâ€™s Know Your Client (KYC), which will be mandatory for investment in securities market.
Speaking on this occasion Shri Ashishkumar Chauhan, MD & CEO, BSE said, â€œWe thank SEBI for reposing its faith in BSE to operate as a KYC Registration Agency. KYC KRA has become a key segment for securities market investors and acts as a starting point for any investorâ€™s journey in the securities market. The long experience of BSE for over 147 years as a frontline Regulator will help in ensuring that BTPL will maintain highest standards of governance and practices. This is an important step by SEBI to enhance the investor faith in the securities markets.â€