SEBON implements centralized electronic KYC as prescribed by CDSC; single KYC will work for different accounts at different institutions for the  investors

Thu, Oct 22, 2020 5:48 AM on Latest, Stock Market,

Securities Exchange Board of Nepal has implemented the Centralized Electronic KYC system as prescribed by the  CDSC and has therefore enforced the working procedure guidelines for the e-KYC effective from Kartik 5, 2077.

After the implementation of this centralized electronic KYC system, share market investors will no longer need to submit and update their KYC forms at different institutions since the single KYC will work for all of their accounts thereby making the investment job more efficient and better synchronized with the technology, as per the media statement.