LatestAccounting And Audit 12 November 2026
SEBI Orders Intermediaries to Refresh FATCA & CRS Onboarding Systems
The Securities and Exchange Board of India (SEBI) has issued a directive requiring every registered intermediary to update its customer onboarding and reporting mechanisms to fully comply with FATCA and CRS regulations. The move tightens KYC standards, mandates periodic data verification, and sets a deadline for implementation, aiming to enhance tax transparency and curb illicit financial flows.
SEBI directive: All registered intermediaries must revise onboarding and reporting systems for FATCA and CRS compliance.
- Update customer due‑diligence checks and data capture forms.
- Implement periodic reporting to tax authorities as per FATCA/CRS guidelines.
- Meet the compliance deadline set by SEBI (date not specified).
For full notice, see the SEBI circular on CAclubindia.
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