Sitharaman Urges SEBI to Simplify KYC Processes
Mumbai– Financing Minister Nirmala Sitharaman has called upon the Securities and Exchange Board of India (SEBI) to spearhead the simplification and digitalization of Know Your Consumer (KYC) standards across the Indian securities market. Speaking at SEBI’s Structure Day, Sitharaman stressed the need for a smooth, protected, and mobile KYC experience for residents throughout financial platforms.
- Standardization: SEBI prompted to drive standardized issuance documents for company bonds.
- Cybersecurity: Regulatory authorities and entities must bolster defenses against increasingly advanced AI-led cyberattacks.
- Metropolitan Bonds: Urged SEBI to team up on boosting the framework for local bonds.
