SEBI Simplifies Risk Management Framework by Relaxing KYC Norms
The Securities and Exchange Board of India (SEBI) has recently announced the relaxation of Know Your Customer (KYC) norms in order to simplify the risk management framework. This move by SEBI aims to streamline the KYC process and make it more convenient for market participants. In this article, we will delve into the details of SEBI's decision and its potential impact on the securities market.
Simplifying the Risk Management Framework
SEBI, the regulatory body overseeing the securities market in India, recognizes the significance of KYC norms in mitigating risks and ensuring the integrity of the market. However, it also acknowledges the need to strike a balance between risk management requirements and the ease of doing business for market participants.
In its updated notification on ...