January 02, 2023 (MLN): The National Clearing Company of Pakistan Limited (NCCPL) has extended the date for registering existing customers in KYC database till March 31, 2023, a notie issued by NCCPL on Monday showed.
All AIs are hereby advised to complete KYC process of their customers within above stipulated timeline, the notice added.
Moreover, in case of failure to complete the process, the Company shall proceed to take necessary action in accordance with applicable CKO regulations.
It is reiterated that the CKO has introduced multiple options for customer registration under CKO regime in the recent past that can be used conveniently to register the existing customers in the KYC database.
Therefore, diligent efforts should be made to complete the process within the above prescribed timeline.
To note, on September 30, 2022 NCCPL in its notice announced that the timeline for registration of existing customers (registered prior to June 17, 2019) under CKO regime was extended till December 31, 2022.
