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SEBI directs market intermediaries to update KYC and tax-reporting systems under new rules

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SEBI directs market intermediaries to update KYC and tax-reporting systems under new rules
Photo / Coverage: The Hindu Business Line
EXECUTIVE SUMMARY

The regulator has asked reporting financial institutions to revise customer verification, account classification and reporting procedures to meet international disclosure requirements

Key Takeaways

  • SEBI directs market intermediaries to update KYC and tax-reporting systems under new rules.

The regulator has asked reporting financial institutions to revise customer verification, account classification and reporting procedures to meet international disclosure requirements

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Published originally on The Hindu Business Line

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