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Functions and obligations of the Central KYC Records Registry.

Rule 9A - Rules - Other Direct Tax Provisions - Rule 9A - 1[ 9A. (1) The Central Government shall within a period of 2[one hundred and eighty days] from the date of coming into force of the Prevention of Money-laundering (Maintenance of Records) Amendment Rules, 2015 set-up a Central KYC Records Registry having its own seal for the purpose of receiving, storing, safeguarding and retrieving electronic copies of KYC records obtained by the reporting entities from their clients in accordance with t .....

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nsure that the electronic copies of KYC records are not lost, destroyed or tampered with and that sufficient back up of electronic records are available at all times at an alternative safe and secure place; (d) shall cause an annual audit of its controls, systems, procedures and safeguards and shall undertake corrective actions for deficiencies, if any; (e) shall provide information only to the reporting entities which are registered with it on payment of fees as specified by the Regulator; (f) .....

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