SEBI vide notification dated November 17, 2023 has issued Simplified norms for processing investor’s service requests by RTAs and norms for furnishing PAN, KYC details and Nomination. Based on representations received from the Registrars’ Association of India and feedback from investors, SEBI has decided to mitigate unintended challenges faced by Registrars to an issue(RTAs) on account of freezing of folios and referring frozen folios to the administering authority under the Benami Transactions (Prohibitions) Act, 1988 and/or Prevention of Money Laundering Act, 2002. Therefore, these penalties are hereby removed.
RBI – Digital Payments Index for March 2024
The RBI-DPI index has increased across all parameters driven by significant growth in payment performance and payment infrastructure across the country over the period.