The Securities and Exchange Board of India (SEBI) issued a circular on 4 November 2026 titled “Review of Know Your Client process for individual Person Resident Outside India clients”. It carries the circular number HO/38/30/12(3)2026-MIRSD-POD2/I/25175/2026.
What happened
The circular is a review of the Know Your Client (KYC) process, the identity and address verification that investors complete before they can deal in the securities market. It covers individual clients who are resident outside India, a group that includes many NRIs.
The circular is on SEBI’s website. Readers who invest in Indian markets from abroad can check the full text there for the specific changes and their start dates.
What it means for you
If you live outside India and invest through a broker, a mutual fund or a demat account, your KYC details are what intermediaries use to verify you. Your broker or fund house is the first place to ask whether anything changes for your existing account, and from when.
For background on how accounts work, see our demat account basics guide.
Background
KYC is a standard requirement for investing in Indian securities. The circular was issued by SEBI’s market intermediaries regulation and supervision department, as its reference number indicates.
