Today (Tuesday), in a circular SEBI said, “National Stock Exchange of India Limited shall undertake Aadhaar authentication service of the UIDAI subject to compliance of the conditions as laid down in this regard”.
In May 2020, the market regulator allowed eight entities viz. Central Depository Services (India) Ltd (CDSL), National Securities Depository Ltd (NSDL), BSE, CDSL Ventures, NSDL Database Management, NSE Data and Analytics, CAMS Investor Services, and Computer Age Management Services.
The Sebi registered intermediaries and mutual fund distributors who want to undertake Aadhaar authentication services through KYC User Agency (KUA), are required to enter into an agreement with a KUA, as prescribed by UIDAI (Unique Identification Authority of India), and get themselves registered with UIDAI as sub-KUAs. The KUAs and sub-KUAs need to follow the process as may be prescribed by UIDAI from time to time. They will also have to follow the process recommended by Sebi on the e-KYC authentication facility.
