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<h1>SEBI Updates Chapter XXI: New Rules for Online Bond Platforms on Debt Securities and Advertisements.</h1> The circular issued by SEBI modifies Chapter XXI of the NCS Master Circular concerning the registration and regulatory framework for Online Bond Platform Providers (OBPPs). It allows OBPPs to offer listed debt securities, municipal debt securities, securitized debt instruments, government securities, and sovereign gold bonds. The circular mandates OBPPs to divest from unpermitted offerings and requires disclaimers for products regulated by other financial regulators. It also outlines requirements for agreements with sellers, order receipts, deal sheets, and advertisements. Non-compliance will lead to action under the SEBI Act. The circular is effective immediately, and stock exchanges must ensure dissemination and compliance.