(1) The entities, regulated by other regulators in the financial sector specified by the Board from time to time, may access the system of KRA for undertaking KYC of their clients who engage them for financial services.
(2) The provisions of these regulations shall, mutatis mutandis, apply to the entities regulated by other regulators specified in sub-regulation (1).
(3) The system of KRA may be connected with any central KYC registry authorised by the Central Government for the purpose of collation and sharing of the KYC information in the financial sector.]
Power of the Board to issue clarifications
17. In order to remove any difficulties in the application or interpretation of these regulations,the Board shall have the power to issue clarifications and guidelines in the form of notes orcirculars which shall be binding on the KRA and the intermediaries.
CHAPTER IV INSPECTION of KRA Board's right to inspect