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Core Purpose

The Central Government notifies modifications to the application of specific provisions of the Prevention of Money-laundering (Maintenance of Records) Rules, 2005, for reporting entities defined as "intermediary" under the SEBI KYC Registration Agency Regulations, 2011.

Detailed Summary

Notification S.O. 4697(E), issued by the Ministry of Finance (Department of Revenue) on October 16, 2025, in pursuance of sub-clause (ii) of clause (h) of sub-rule (2) of rule 9A of the Prevention of Money-laundering (Maintenance of Records) Rules, 2005, specifies how sub-rules (1A), (1C), and (1D) of rule 9 of the same Rules shall apply to reporting entities defined as "intermediary" under clause (f) of sub-regulation (1) of regulation 2 of the Securities and Exchange Board of India {KYC (Know Your Client) Registration Agency} Regulations, 2011. The notification introduces three modifications: (a) reporting entities may upload KYC records directly to the Central KYC Records Registry (CKYCRR) or through a KYC Registration Agency (KRA), with KRA uploads being deemed direct uploads to CKYCRR for sub-rule (1A) of rule 9; (b) additional or updated KYC information uploaded via a KRA to CKYCRR will be considered a direct upload for sub-rule (1D) of rule 9, and CKYCRR's updates to KRAs will constitute informing the reporting entity; and (c) reporting entities can retrieve KYC records from CKYCRR directly or through a KRA for sub-rule (1C) of rule 9. The notification was signed by Prashant Sagar, Under Secretary.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-16102025-266971 EXTRAORDINARY PART II-Section 3-Sub-section (ii) PUBLISHED BY AUTHORITY No. 4568] NEW DELHI, THURSDAY, OCTOBER 16, 2025/ASVINA 24, 1947 MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 16th October, 2025 S.O. 4697(E).— In pursuance of sub-clause (ii) of clause (h) of sub-rule (2) of rule 9A of the Prevention of Money-laundering (Maintenance of Records) Rules, 2005, the Central Government in consultation with the Regulator hereby notifies that the provisions of sub-rule (1A), (1C) and (1D) of rule 9 of the Prevention of Money-laundering (Maintenance of Records) Rules, 2005 shall apply to the class of reporting entities "within the meaning of intermediary" as defined in clause (f) of sub-regulation (1) of regulation 2 of the Securities and Exchange Board of India {KYC (Know Your Client) Registration Agency} Regulations, 2011 with the following modifications, namely:- (a) the said reporting entities shall have the option to upload KYC records on Central KYC Records Registry (CKYCRR) directly or through “KYC Registration Agency” (KRA) as defined in clause (h) of sub- regulation (1) of regulation (2) of the Securities and Exchange Board of India {KYC (Know Your Client) Registration Agency} Regulations, 2011; and the KYC information uploaded by a reporting entity with the KRA and subsequently uploaded by the KRA on the CKYCRR shall be deemed to be an upload by the reporting entity on the CKYCRR for the purposes of sub-rule (1A) of rule 9; (b) the additional or updated information in respect of the KYC records uploaded by any such reporting entity with the KRA and subsequently uploaded by the KRA on the CKYCRR shall be deemed to be an upload by the reporting entity on the CKYCRR for the purposes of sub-rule (1D) of rule 9 and notification of updates in respect of KYC records by the CKYCRR to the KRAs shall be deemed as CKYCRR informing the reporting entity of the update of such KYC records; and (c) the said reporting entities may for the purposes of sub-rule (1C) of rule 9, retrieve the KYC records from CKYCRR directly or through KRA. [F. No. P-12011/14/2024-ES Cell-DOR] PRASHANT SAGAR, Under Secy. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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