NEW DELHI: The Securities and Exchange Board of India (SEBI) is in advanced talks with the UIDAI and the RBI to enable secure, remote KYC access for non-resident Indians (NRIs), which is currently under testing phase.

According to SEBI Chairman Tuhin Kanta Pandey, this will be an urgent goal for them so that NRIs don’t have to come to India for KYC.

“It will be a major development once operational,” Pandey said during an event organised by the BSE Brokers Forum (BBF) here.

On the surveillance front, he said “we are moving from reactive supervision to predictive oversight”.

“We have revamped our data warehouse system to develop new rule-based alerts to identify pump-and-dump patterns and to detect fraudulent trades in bulk deals,” the SEBI Chairman told the gathering.

Pandey also said

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