SEBI updates KYC and FATCA-CRS reporting requirements for intermediaries
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓SEBI directed registered market intermediaries on Wednesday to update their KYC and tax-reporting systems.
- ✓These changes follow the new Income-tax Rules, 2026, effective from April 1, 2026.
- ✓Intermediaries must now ensure compliance with AEOI reporting standards.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Business Line
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
The Securities and Exchange Board of India (SEBI) on Wednesday directed registered market intermediaries to update their Know Your Customer (KYC) and tax-reporting systems in line with the revised income tax rules, aimed at ensuring compliance with international financial account reporting requirements.
In a circular issued on Wednesday, SEBI said, “Registered intermediaries shall incorporate AEOI reporting and due diligence requirements into their customer onboarding and Know Your Customer (KYC) frameworks.”
Revised income tax framework
The directions follow the introduction of the Income-tax Act, 2025, and Income-tax Rules, 2026, which replaced the earlier income tax framework with effect from April 1, 2026.
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