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NISM Certifications · NISM-Series-VI: Depository Operations · Depository and its Business Partners

Ms. Anita Rao wants to open a demat account. She will deal only with an entity that is registered with SEBI and acts as the agent of the depository to provide its services to investors. Which entity is this?

The Depository Participant is the SEBI-registered agent of the depository through which an investor opens a demat account and accesses depository services. Issuers and registrars deal with issuance and records, and clearing members handle settlement, so they do not serve as the investor's account-opening interface.

  1. ADepository ParticipantCorrect
  2. BIssuer company
  3. CRegistrar and Transfer Agent
  4. DClearing member only

Explanation

A Depository Participant (DP) is the agent of the depository and the investor's interface for opening accounts and handling transfers. An issuer company and an RTA deal with securities issuance and registry work, not account opening for investors. A clearing member handles settlement obligations.

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