The SEBI KYC (Know Your Customer) Registration Agency (KRA) Regulations 2011 have been issued to bring about uniformity in the KYC requirements for the securities market investors. These regulations require that Intermediaries make an effort to verify the identity, suitability, and risks involved with maintaining a business relationship.
CVL is registered as a KRA (KYC Registration Agency) with SEBI. As a KRA, CVL facilitates centralized storing, safeguarding and retrieving the KYC information of the investors and disseminating to the intermediaries as and when required. The core purpose of the KRA system is to obviate the need for submitting KYC documents again by an investor in the capital markets, once the same in updated in the KRA. The KRA facilitates single point change management and helps to maintain uniformity of data across intermediaries and improve compliance levels.
A SEBI registered entity wishing to register for the KRA services can communicate his interest on email. The compliance officer of the intermediary is provided with the login ID, the POS code and the password to enable access to the CVL-KRA system (www.cvlkra.com) for online registration.
Upon logging in, the compliance officer needs to UPDATE COMPANY INFORMATION and fill up rest of the registration form. For access to CVL KRA, the Registration Form and the supporting documents should be submitted (in person or by post/courier) to CVL at the address mentioned below.
CDSL Ventures Limited
I-202, 2nd Floor (Deck Level)
Tower No.4, Above Belapur Railway Station
Belapur, Navi Mumbai - 400614
Following supporting documents (certified by the Designated/Whole Time Director(s)/Company Secretary along with seal/stamp of the Intermediary) need to be submitted to CDSL Ventures Limited (CVL) to confirm registration:
The envelope containing the documents should be superscribed “REGISTRATION OF INTERMEDIARY WITH CVL-KRA” in block letters above CDSL Ventures Limited address. The envelope should also mention the details of the Intermediary including name, address and phone numbers either on the front or back of the envelope.
Detailed Registration process, Terms and Conditions, and Application Form can be found here - http://www.cvlkra.com/Downloads/CVLKRA_Operating_Instructions.zip
Upon submitting the form, the CVL KRA access shall be enabled within a period of 21 days (or for any such period as may be decided by CVL-KRA) from the date of creation.
Once the access is enabled, the POS code and user credentials are issued to the intermediary. Using the credentials, the intermediary can perform ‘create KYC’ and ‘fetch KYC’ activities in the system.
NON-INDIVIDUAL DOCKET SET
|Sr. No.||Document Type||KYC Documentation Type||Category I||Category II|
|1.||Applicant Level||Constitutive Docs (MoA, COI, prospectus etc.)||Required||Required|
|2.||Proof of Address (*)||Required||Required|
|4.||Board Resolution(**)||Not Required||Required|
|5.||FATCA / CRS form||Required||Required|
|6.||Form/ KYC Form||Required||Required|
|7.||Authorised Signatories||List of Signatures(**)||Required||Required|
|8.||Authorised Signatories||List of UBO including the details of Intermediate BO(***)||Required||Required|
|9.||Proof of Identity||Not Required||Required|
Notes to the Table
|1.||ACUMEN CAPITAL MARKET INDIA LTD|
|2.||AJCON GLOBAL SERVICES LIMITED|
|3.||ALICE BLUE FINANCIAL SERVICES PVT LTD|
|4.||ANAND RATHI SHARE AND STOCK BROKERS LIMITED|
|5.||ARCH FINANCE LIMITED|