The Securities and Exchange Board of India (SEBI) is finalizing talks with UIDAI and the RBI to enable remote KYC for NRIs. This system, now in testing, will allow non-resident Indians to complete KYC without visiting India. SEBI Chairman Tuhin Kanta Pandey said the initiative aims to simplify access and enhance investor convenience.
Pandey called it a major development for the financial ecosystem. Speaking at a BSE Brokers Forum event, he said SEBI is shifting from “reactive supervision to predictive oversight.” The regulator’s upgraded data warehouse now generates alerts to detect pump-and-dump trades and fraudulent bulk deals in real time.
He noted that pump-and-dump schemes show recognizable patterns. The new surveillance technology will help track manipulative trading with data insights. SEBI is also working on a safety net for depository participants to manage outages efficiently, similar to systems for stockbrokers.
Pandey added that SEBI is simplifying FPI registration and enhancing investor protection through technology-driven platforms like the Unified Investor App and the upgraded SCORES grievance system, which improves transparency and complaint resolution.
