New Delhi, Nov. 11 -- The Securities and Exchange Board of India (SEBI) on Wednesday directed registered market intermediaries to update their Know Your Customer (KYC) and tax-reporting systems in line with the revised income tax rules, aimed at ensuring compliance with international financial account reporting requirements.

In a circular issued on Wednesday, SEBI said, "Registered intermediaries shall incorporate AEOI reporting and due diligence requirements into their customer onboarding and Know Your Customer (KYC) frameworks."

The directions follow the introduction of the Income-tax Act, 2025, and Income-tax Rules, 2026, which replaced the earlier income tax framework with effect from April 1, 2026.

According to SEBI, the reporting...