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<h1>SEBI Simplifies Demat Account Opening with Unified Document, Replacing Existing Agreements for Streamlined Process.</h1> SEBI has decided to simplify the demat account opening process by replacing the existing Beneficial Owner-Depository Participant Agreements with a unified document titled 'Rights and Obligations of the Beneficial Owner and Depository Participant.' This document is mandatory for all clients and depository participants, aiming to streamline the account opening process and reduce the number of required signatures. Depository Participants must provide this document to clients and ensure compliance with SEBI regulations. Depositories are instructed to implement these changes within three months and report progress to SEBI. This initiative is part of SEBI's efforts to protect investors and enhance securities market regulation.