Re-KYC: Sebi looks to ease geo-tag norms for NRIs

NEW DELHI: 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 regulator has sought public comments on its proposal to relax the condition that requires 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.