FM to make RGESS more attractive in Budget 2013-14
“I think its important that KYC norms for all intermediaries within a market regulator should converge and become one set of KYC. The next step is to converge the KYC norms of different regulators. We cannot have multiple KYC norms for intermediaries and participants who are under one regulator,” said the finance minister. “If I have a bank account why should I not open a Demat account straightaway.”
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