Market watchdog, The Securities and Exchange Board of India (SEBI) has decided that it is going to regulate the 'Know Your Customer' (KYC) norms for all of the SEBI controlled entities.

Talking to media during a summit organised by CII on mutual funds, SEBI Chairman, U. K. Sinha said that he has seen quite a number of market intermediaries regulated by SEBI to be following different KYC norms. This is not correct as the same has been done to make the matters more transparent.

As per the KYC norms, the investors have to fulfill some of the market requirements in terms of their personal information. Also, the good thing is that the investor has just got to satisfy the requirements only once for all the market transactions and the same are applicable for all the others.

Sinha also asked the fund houses to disclose the components of their own business which should be based on their origin and whether they belong to institutional investors or not. In form of advice he even mentioned that track record of fund managers should be revealed as well.