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The amendments to SEBI (KRA) Regulations were notified in March 2013. As per the amendments, the intermediaries are required to furnish the scanned images of KYC documents to the KRA and retain the physical KYC documents. There is no need to send physical KYC documents to the KRA. This is made applicable to both new clients as well as existing clients KYC data, which is to be uploaded to KRA.

Further details about this circular are posted on NSDL website www.nsdl.co.in.

(Ref: Circular No. NSDL/POLICY/2013/0043 dated March 25, 2013)

SEBI had vide Circular No. CIR/MRD/DP/10/2013 dated March 21, 2013 mandated companies whose securities are listed on stock exchanges to use electronic payment modes for making cash payments to the investors. In this context, Participants were advised to ensure that the correct bank account particulars of the investors have been captured in the demat accounts.

Further details about this circular are posted on NSDL website www.nsdl.co.in.

(Ref: Circular No. NSDL/POLICY/2013/0044 dated March 25, 2013)

In order to facilitate transactions in mutual fund units through stock exchange platform and holding of mutual fund units in dematerialised form, NSDL has decided to continue not to charge any fee to Participants in respect of transactions in mutual fund units held in the depository system till September 30, 2013.

Further details about this circular are posted on NSDL website www.nsdl.co.in.

(Ref: Circular No. NSDL/POLICY/2013/0048 dated March 28, 2013)

With the implementation of Rajiv Gandhi Equity Savings Scheme (RGESS), Participants have been informed that the New Retail Investor Certificate will be issued after verification of RGESS eligibility of the investor across the depositories and stock exchanges within one week from the date of designating depository account under RGESS. Further, Participants are required to provide the New Retail Investor Certificate to the clients either in physical form or electronic form via email or website portal or any other mode which Participants may deem fit. In addition, the new Retail Investor Certificate for RGESS has been made available on the website of NSDL for downloading directly by the Client.

Procedure to be followed by the investor to download New Retail Investor Certificate:

• Go to the NSDL websites viz., www.nsdl.co.in or https://eservices.nsdl.com
• Click on the link 'New Retail Investor Certificate for RGESS'
• Provide the following credentials:
  • DP ID
  • Client ID
  • PAN
  • Last 4 digits of Bank Account No. (Bank Account No. captured in the depository account of investor in NSDL system)
  • Verification Code (as displayed in the image on the screen)
• Click on submit button and download the New Retail Investor Certificate.
• Kindly note that all the mandatory fields are highlighted with '*' mark.

The status of demat accounts held with NSDL under Rajiv Gandhi Equity Savings Scheme, 2012 (RGESS) as on March 31, 2013 is as follows:

Further details about this circular are posted on NSDL website www.nsdl.co.in.

(Ref: NSDL/POLICY/2013/0039 dated March 11, 2013 and NSDL/POLICY/2013/0052 dated April 09, 2013)

SEBI had vide its notification dated March 11, 2013 informed that the associated persons functioning as compliance officers of intermediaries registered with the Board as stock brokers, or Depository Participants, or merchant bankers, or underwriters, or bankers to the Issue, or debenture trustees or credit rating agencies, shall obtain certification from the National Institute of Securities Markets (NISM) by passing the NISM-Series-III A: Securities Intermediaries Compliance (Non-Fund) Certification Examination (SICCE). All such intermediaries shall ensure that associated persons functioning as compliance officers as on March 11, 2013, shall obtain certification by passing SICCE within two years from the date of this notification; provided that an intermediary, who engages or employs any such associated persons functioning as compliance officer after the date of this notification, shall ensure that such person obtains certification by passing SICCE within one year from the date of his employment.

Further details about this circular are posted on NSDL website www.nsdl.co.in.

(Ref: NSDL/POLICY/2013/0040 dated March 13, 2013)

• NCDO/NISM training / certification programmes for Participants

NSDL has made arrangements with NISM to facilitate staff of Participants to get certified for NISM-Series VI Depository Operations Certification Examination (DOCE) as per SEBI requirements. A training programme is conducted by NSDL for Participant's staff followed by NISM-Series VI-DOCE online test conducted by NISM. In March 2013, NSDL conducted five such training programmes at Ahmedabad, Chennai, Kolkata, Mumbai and New Delhi which were attended by 131 officials nominated by various Participants.

• CPE Training Programme for Participants

NSDL, an approved NISM Accreditated Continuing Professional Education (CPE) Provider offers CPE programmes for associated persons of market intermediaries who are holding one of the valid certificates such as NCFM (NSE's Certification in Financial Markets), NCDO (NSDL's Certification in Depository Operations), BCCD (BSE's Certification on Central Depository), Certificate on completion of CDSL's DP training programme on Central Depository Services (India) Limited & NISM Series VI- Depository Operations Certification Examination (DOCE). In March 2013, NSDL conducted four such training programmes at Mumbai, New Delhi and Hyderabad which were attended by 64 officials nominated by various Participants.

• Investor Depository Meets (IDMs) - NSDL interacts with investors throughout the country through a series of 'Investor Depository Meets'. These programs were organised to spread awareness amongst the accountholders and others about the new facilities introduced by NSDL, the safety features and precautions to be taken by accountholders while operating in the depository environment. During March 2013, NSDL organised 11 IDMs in Ambasamudram, Berhampur, Bhubaneshwar, Fatehgarh Sahib, Irinjalakuda, Mohali, Nagercoil, Palayankottai, Puri, Ropar and Tripunithura which were attended by 623 persons.
• Joint Awareness Programmes with Securities and Exchange Board of India (SEBI) & National Stock Exchange of India Limited (NSE): In order to reach out to investors that are spread across the country and to apprise them about the facilities available in NSDL depository system, NSDL conducted Joint Awareness Programme with SEBI & NSE in March 2013 at Mizoram which was attended by 30 persons.
• Participation in events conducted by Institutions: In March 2013, NSDL sponsored a programme titled 'Asia Federation Investor Education' (AFIE) which was organised by Association of National Exchanges Members of India (ANMI) at New Delhi. This programme was attended by around 200 officials representing countries from Cambodia, Canada, China, Hong Kong, India, Indonesia, Japan, Korea, Nepal, Sri Lanka, Taiwan, Thailand, Turkey and USA. Various aspects on Financial Markets were explained to the officials attending this event.
• Corporate Awareness Programme (CAP): Corporate Awareness Programme (CAP) was conducted in Delhi on March 25, 2013 to educate employees and shareholders of Bharat Heavy Electricals Ltd. (BHEL) regarding benefits of dematerialisation. This training programme was attended by 51 officials of BHEL.
• Training Programme for Colleges: Investor Awareness Programmes were conducted in National Institute of Technology - Surathkal, Atharava College of Management Studies - Mumbai & Pillai's Institute of Management Studies and Research - Mumbai to educate students regarding depository related services in March 2013. These three training programmes in Karnataka & Mumbai were attended by 465 students.
• Training Programme organized by Institutions: In March 2013, NSDL conducted training Programmes for Nigerian delegates on various aspects of Depository system. A training programme was also conducted by NSDL for 120 Indian Revenue Service (IRS) officers at the request of National Institute of Securities Markets (NISM).