The Securities and Exchange Board of India (SEBI) recently issued a directive to KYC Registration Agencies (KRAs) relaxing the validation of Know Your Customer (KYC) records for NRIs. Following representations, representation received from NRIs, non-availability of source validation of passport and in view of facilitation of Aadhaar to NRIs by UIDAI, Sebi announced these changes to ease the KYC woes of NRIs.