 "SEBI allows use of Aadhaar e-KYC as identity proof")
Mumbai: Market regulator Sebi today said itwill accept e-KYC (Know Your Client) service of UIDAI as avalid proof of identity and address for opening accounts with
brokerage firms, mutual funds, portfolio managers and othercapital market entities.
‘Aadhaar’, is a 12-digit individual identification numberissued by UIDAI (Unique Identification Authority of India).
“In consultation with UIDAI and the market participants,it has now been decided to accept e-KYC service launched byUIDAI also, as a valid process for KYC verification,” theSecurities and Exchange Board of India (Sebi) said.
“The information containing relevant client details andphotograph made available from UIDAI as a result of e-KYCprocess shall be treated as sufficient proof of Identity andaddress of the client,” it added.
[caption id=“attachment_1160263” align=“alignleft” width=“380”]  Representational image. AFP[/caption]
However, the client would have to authorise theintermediary to access his data through UIDAI system, Sebisaid in a circular issued today to mutual funds, brokers,
depository participants, portfolio managers, alternativeinvestment funds and collective investment schemes, amongother market entities.
In August 2012, Sebi had allowed investors to use’Aadhaar’ cards as a valid address proof for their accountswith brokerage firms, mutual funds, portfolio managers and
other capital market entities.
Aadhaar is already permitted as valid ID proof andaddress proof documents in the KYC (Know Your Customer)procedures for opening of bank accounts, insurance, telecomand many other services.
Besides, the regulator had said that Aadhaar can be usedas ‘Proof of Address for Know Your Client (KYC) norms’ ofSebi.
PTI
 "Russian drones over Poland: Trump’s tepid reaction a wake-up call for Nato?")
 "As Russia pushes east, Ukraine faces mounting pressure to defend its heartland")
 "Why Mossad was not on board with Israel’s strike on Hamas in Qatar")
 "Turkey: Erdogan's police arrest opposition mayor Hasan Mutlu, dozens officials in corruption probe")
 "Russian drones over Poland: Trump’s tepid reaction a wake-up call for Nato?")
 "As Russia pushes east, Ukraine faces mounting pressure to defend its heartland")
 "Why Mossad was not on board with Israel’s strike on Hamas in Qatar")
 "Turkey: Erdogan's police arrest opposition mayor Hasan Mutlu, dozens officials in corruption probe")
](https://images.firstpost.com/wp-content/uploads/2013/10/UID_AFP.jpg){kind=link}