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<h1>SEBI Updates KYC Requirements: New Account Opening Form Divided for Financial Intermediaries, Six-Month Transition Period.</h1> The circular from SEBI addresses updates to the Know Your Client (KYC) requirements for various financial intermediaries, including stock exchanges, brokers, and mutual funds. It revises the Account Opening Form (AOF), dividing it into two parts: Part I for basic KYC details and Part II for additional information specific to the intermediary's activities. Certain information from Section C of Part I is now shifted to Part II. The revised Part I is mandatory for KYC Registration Agencies, with a six-month transition period for intermediaries to update their forms. This aims to streamline the KYC process and ensure uniformity across the financial sector.