SEBI rolls out list of entities allowed to use e-KYC Aadhaar Authentication services of UIDAI in Securities Market as sub-KUA ( KYC user agency)
Earlier on May 12, 2020 the Securities and Exchange Board of India had informed that entities can undertake Aadhaar Authentication service of Unique Identification Authority of India (“UIDAI”) as KYC user agency (KUA) in the securities market. The KUA allows SEBI registered intermediaries to undertake Aadhaar Authentication of their clients as sub-KUA for the purpose of KYC.
In this regard, Ministry of Finance, Government of India, vide Gazette Notification No. S.O. 3187(E) dated July 13, 2022 has notified list of reporting entities as sub-KUA to use Aadhaar authentication services. These entities must enter into an agreement with a KUA and get themselves registered with UIDAI as sub-KUAs.
The KUAs shall facilitate the onboarding of these entities as sub-KUAs to provide the services of Aadhaar authentication with respect to KYC.
