Sebi on Thursday proposed to ease the geo-tagging requirement for non-resident Indian clients during their re-KYC or KYC process through digital onboarding or video client identification (V-CIP).
In a draft circular, the markets watchdog has sought public comments on its proposal to relax the condition that requires non-resident Indian (NRI) clients to be physically present in India during such KYC verification.
The move follows multiple representations from stakeholders seeking to simplify compliance norms for overseas investors.
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