Centre Notifies New PMLA Rule Allowing Intermediaries to Upload and Access KYC Records Directly via Central KYC Registry [Read Notification]
The Ministry of Finance has allowed intermediaries to directly upload and access KYC records via the Central KYC Records Registry (CKYCRR) to streamline compliance under the PMLA rules.
![Centre Notifies New PMLA Rule Allowing Intermediaries to Upload and Access KYC Records Directly via Central KYC Registry [Read Notification]](https://images.taxscan.in/h-upload/2025/10/18/2097616-centre-new-pmla-rule-intermediaries-upload-and-access-kyc-records-central-kyc-registry-taxscan.webp "Centre Notifies New PMLA Rule Allowing Intermediaries to Upload and Access KYC Records Directly via Central KYC Registry [Read Notification]")
The Ministry of Finance (Department of Revenue) has issued Notification No. S.O. 4697(E) dated October 16, 2025, under the Prevention of Money Laundering (Maintenance of Records) Rules, 2005, allowing intermediaries in the securities market to directly upload and retrieve Know Your Customer (KYC) records through the Central KYC Records Registry (CKYCRR). The new provision applies...
The Ministry of Finance (Department of Revenue) has issued Notification No. S.O. 4697(E) dated October 16, 2025, under the Prevention of Money Laundering (Maintenance of Records) Rules, 2005, allowing intermediaries in the securities market to directly upload and retrieve Know Your Customer (KYC) records through the Central KYC Records Registry (CKYCRR).
The new provision applies to reporting entities that fall under the category of “intermediary” as defined in Regulation 2(1)(f) of the SEBI (KYC Registration Agency) Regulations, 2011.
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Main Amendments
(a) Reporting entities can now:
- Upload KYC records directly on the Central KYC Records Registry (CKYCRR), or
- Continue doing so via KYC Registration Agencies (KRAs).
If a KYC record is uploaded first with a KRA and later by the KRA to the CKYCRR, it will be deemed as uploaded by the reporting entity itself for compliance purposes.
(b) Any additional or updated KYC information uploaded through KRAs and then passed on to the CKYCRR will also be treated as if it were uploaded directly by the reporting entity. Similarly, when the CKYCRR notifies updates to KRAs, it will be considered as having notified the reporting entity directly.
(c) Reporting entities may retrieve KYC records from the CKYCRR either directly or through KRAs.
This amendment streamlines the KYC data flow by allowing direct access to the CKYCRR, reducing dependence on intermediaries (KRAs), and enhancing efficiency and traceability of KYC record management under the PMLA framework.
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