The Ministry of Finance, through the Department of Revenue, issued a notification on October 16, 2025, to modify how certain reporting entities comply with the Prevention of Money-laundering (Maintenance of Records) Rules, 2005. Specifically, the provisions of sub-rules (1A), (1C), and (1D) of Rule 9 now apply to “intermediaries” as defined under the SEBI (KYC Registration Agency) Regulations, 2011. These intermediaries are financial institutions and professionals involved in the securities market. The notification introduces flexibility and clarity regarding the use of the Central KYC Records Registry (CKYCRR) and KYC Registration Agencies (KRAs). Reporting entities are given the option to upload, update, and retrieve KYC records either directly to/from the CKYCRR or through a KRA. Critically, the process of a KRA uploading or updating KYC information onto the CKYCRR, after receiving it from a reporting entity, is now officially deemed to be an upload or update by the reporting entity itself. Similarly, when the CKYCRR informs a KRA of an update, it is considered as informing the reporting entity. This measure streamlines the Know Your Client (KYC) process for intermediaries by formally integrating KRAs into the CKYCRR framework for compliance with anti-money laundering rules.
MINISTRY OF FINANCE
(Department of Revenue)
NOTIFICATION
New Delhi, the 16th October, 2025
S.O. 4697(E).— In pursuance of sub-clause (ii) of clause (h) of sub-rule (2) of rule 9A of the Prevention of Money-laundering (Maintenance of Records) Rules, 2005, the Central Government in consultation with the Regulator hereby notifies that the provisions of sub-rule (1A), (1C) and (1D) of rule 9 of the Prevention of Money-laundering (Maintenance of Records) Rules, 2005 shall apply to the class of reporting entities “within the meaning of intermediary” as defined in clause (f) of sub-regulation (1) of regulation 2 of the Securities and Exchange Board of India {KYC (Know Your Client) Registration Agency} Regulations, 2011 with the following modifications, namely:-
(a) the said reporting entities shall have the option to upload KYC records on Central KYC Records Registry (CKYCRR) directly or through “KYC Registration Agency” (KRA) as defined in clause (h) of sub-regulation (1) of regulation (2) of the Securities and Exchange Board of India {KYC (Know Your Client) Registration Agency} Regulations, 2011; and the KYC information uploaded by a reporting entity with the KRA and subsequently uploaded by the KRA on the CKYCRR shall be deemed to be an upload by the reporting entity on the CKYCRR for the purposes of sub-rule (1A) of rule 9;
(b) the additional or updated information in respect of the KYC records uploaded by any such reporting entity with the KRA and subsequently uploaded by the KRA on the CKYCRR shall be deemed to be an upload by the reporting entity on the CKYCRR for the purposes of sub-rule (1D) of rule 9 and notification of updates in respect of KYC records by the CKYCRR to the KRAs shall be deemed as CKYCRR informing the reporting entity of the update of such KYC records; and
(c) the said reporting entities may for the purposes of sub-rule (1C) of rule 9, retrieve the KYC records from CKYCRR directly or through KRA.
[F. No. P-12011/14/2024-ES Cell-DOR]
PRASHANT SAGAR, Under Secy.
