Yet to update and renew your KYC at share broker office? Deadline is Baisakh 30;  non-compliants to face music

Securities Board of nepal (SEBON) has sent a strong instruction to all the share brokers in the nation not to allow the investors who are yet to update and renew their Know Your Customer (KYC) forms to involve in trading of their securities. SEBON has instructed all the investors who are yet to update their KYC forms with their share brokers to do the same within the end of Baisakh, 2075.

Investors can visit their respective share brokers with their original citizenship and a copy of the same, a copy of photo, name and bank account number of the bank where one has his/her account, copy of PAN card, copy of employee identity card (if an employee), a copy of photo each for a juvenile and his/her guardian, copies of birth certificate of the juvenile and citizenship of the guardian  in order to update and renew the details of KYC form maintained by the stock brokers.

SEBON with its latest directive issued to be followed from the beginning of the new year 2075 has pledged to prevent and control  the entry of black money and other illegitimate wealth into the only security market of the nation.