KRA COMMUNIQUE
CVL/OP S/INTERM/GENRL/24-209 September 27, 2024
Implementation of Centralization of certifications under Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) at KYC Registration Agencies (KRAs).
Attention of all SEBI Registered Intermediaries (“SRIs”) is drawn to CVL Circular ref. no. CVL/OPS/INTERM/GENRL/24-200 dated May 29, 2024 in furtherance to SEBI circular ref. no. SEBI/HO/MIRSD/SECFATF/P/CIR/2024/12 dated February 20, 2024 (“SEBI Circular”):
- As per KRA Circular dated June 28, 2024, filing of FATCA / CRS declarations for Individual clients began from August 1, 2024 onwards. Accordingly, it is further clarified that the SRIs may submit the FATCA / CRS declarations for Individual clients onboarded prior to August 1, 2024 (i.e. legacy cases) by October 31, 2024.
- Further, the process, data formats and timelines for submission of FATCA / CRS declarations for Non – Individual clients will be informed separately.
Intermediary queries related to this communique may be addressed to [email protected] or contact CVL helpdesk 08069144848.
Regards
Sd/-
Mathew Varghese Compliance Officer
