The document provides information about the new Know Your Customer (KYC) norms introduced by the Securities and Exchange Board of India (SEBI). SEBI has simplified KYC requirements and made it easier for investors to comply. It has introduced a central KYC registry to eliminate redundant KYC processes. Investors only need to submit KYC details once and can use it for all transactions and holdings. SEBI has also introduced a new concept of Beneficial Owner Identification Number (BO ID) for better identification of beneficial owners. All companies issuing securities need to provide details of beneficial owners to stock exchanges. This will help bring transparency in ownership of companies. The new KYC norms aim