Amendments related to Digital KYC made in Prevention of Money-laundering (Maintenance of Records) Rules

Amendments have been made in Prevention of Money-laundering (Maintenance of
Records) Rules, 2005 to allow the use of digital know your customer (KYC) verification by reporting entities including banks, telcos and regulated entities for onboarding customers. The amendment brings in the different modes through which full customer details can be captured, Aadhaar eKYC, electronic documents which are digitally signed and digital KYC.

Tamil Nadu Factories Rules amended

The Labour and Employment Department of Tamil Nadu has issued amendments to the Tamil Nadu Factories Rules, 1950. The Amendment has been brought in sub-rule 6(A) of Rule 4 and Rule 7 which specifies the Registration and grant of license for a factory and renewal of licence. Licence can be renewed up to 15 years now in place of 10 years.

Outcome of SEBI Board meeting held on 22nd August 2019

SEBI in its board meeting which was held on 22nd August, 2019 has approved several recommendations made by the HR Khan Committee to simplify and rationalise the existing regulatory framework for foreign portfolio investors (FPIs) by easing operational constraints and compliance requirements.