Guideline No. FPR001
Purpose To clarify if an FIP can define the combination of identifiers it deems as “unique” for enabling identification of customers
Description Each FIP can define the combination of identifiers it deems fit for it to uniquely identify an account owner and enable discovery of accounts.

This definition is then expected to be made available to all AAs, so that they may collect the necessary attributes on their interface while enabling discovery and linking.

Such information is made available through a central registry.

Stage Finalised
Guideline No. FPR002
Purpose To clarify if it is obligatory for a financial institution to be a FIP
Description Each financial institution is free to determine if it wishes to participate in the AA Network or not.

If it does choose to join the network, a community-designed implicit obligation of “Reciprocity” applies to such an institution. Further details are provided under the “Reciprocity” topic.

Such an obligation makes it necessary for a financial institution to agree to be an FIP, if it wishes to join as an FIU.

Stage Finalised
Guideline No. FPR004
Purpose To clarify FIP types as per SEBI guidelines
Description As per SEBI Circular SEBI/HO/MRD/DCAP/P/CIR/2022/110 dated August 19, 2022:

“…..Depositories and AMCs (through their RTAs) are referred as FIPs in the securities markets”.

This also implies:

  • Depository participants are not FIPs.
  • While AMCs are the FIPs, the RTAs will provide the technical capabilities akin to that of an FIP gateway.
Stage Finalised
Guideline No. FPR005
Purpose To clarify FIP types as per PFRDA guidelines
Description As per PFRDA circular No: PFRDA/2022/26/FT&DA/02 dated 30th September 2022:

“….. The CRAs appointed by PFRDA (are) designated as FIP.”

This implies:

  • The pension funds themselves are not FIPs.

This needs to be confirmed through discussions with the regulator and the CRAs.

Stage Finalised
Guideline No. FPR006
Purpose To clarify FI types and account types for GSTN FIP
Description This is specified in NBFC-AA Specification version 1.1.0 of the FI Type – Goods and Services Tax Return (GSTR), published at:

FI Types:

Stage Under Deliberation

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