Sebi approves CAMS KYC registration agency
The Securities and Exchange Board of India (Sebi) has approved CAMSKRA, a wholly owned subsidiary of Computer Age Management Services (CAMS), to serve as a KYC Registration Agency (KRA).
The KRA initiative is aimed to eliminate duplication of KYC efforts which an investor has to undergo while dealing with multiple intermediaries like mutual funds, portfolio management services, private equity funds, brokers and depository participants.
No Related Stories Found
CAMSKRA shall obtain and store KYC documents of customers from intermediaries and their authorized agents. It will facilitate reliable and quick information update to all intermediaries that avail of the services to avoid duplication of KYC process. CAMS will bring the convenience of pan India reach through its network of service centers for administering the KYC process.
Read Other Stories
|22 Apr 15||Birla Sun Life MNC Fund - A (D)||10.00|
|22 Apr 15||Edelweiss Arbitrage Fund - Regular (D)||0.05|
|22 Apr 15||Edelweiss Absolute Return Fund - Direct (D)||0.22|
|22 Apr 15||JM Arbitrage Advantage Fund - Direct (D)||0.07|
|22 Apr 15||Edelweiss Arbitrage Fund - Direct (D)||0.05|
|22 Apr 15||Edelweiss Absolute Return Fund (D)||0.22|
|22 Apr 15||Edelweiss Short Term Income Fund (D)||0.20|
|22 Apr 15||JM Arbitrage Advantage Fund (D)||0.07|
|23 Apr 15||UTI-Opportunities Fund - Direct (D)||1.50|
|23 Apr 15||UTI-Opportunities Fund (D)||1.50|