The Securities and Exchange Board of India (SEBI) has modified the regulatory framework for Online Bond Platform Providers (OBPPs), expanding the range of products they can offer.
Under the revised norms, OBPPs are now permitted to offer products and services regulated by the International Financial Services Centres Authority (IFSCA). These IFSCA-linked offerings must be clearly labelled as “international” or “overseas” instruments on the platforms.
OBPPs have also been allowed to facilitate transactions in 54EC bonds and Section 85 bonds under the Income Tax Act, 2025. Platforms must disclose key features of 54EC bonds, including the lock-in period and applicable investment limits.
They are further required to clarify that grievance redressal for these bonds rests with the issuer and not with SEBI.
In addition, the compliance officer for OBPPs will now be governed by the provisions of the SEBI (Stock Brokers) Regulations, 2026.The circular comes into effect immediately.
(The story will be updated soon)
