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Online Bond Platform Providers may offer products, securities...
Online bond platforms may offer overseas-regulated products and tax-specific bonds subject to disclosures, compliance safeguards and revised compliance-officer requirements.
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Online Bond Platform Providers may offer products, securities and services regulated by SEBI, RBI, IRDAI, IFSCA or PFRDA, and may also offer tax-specific bonds issued under the Income-tax Act. IFSCA-regulated offerings must follow the framework applicable to SEBI-registered stock brokers in GIFT-IFSC, comply with FEMA and overseas investment requirements, and be clearly labelled as international or overseas instruments. Tax-specific bonds require issuer-based grievance disclosures, tax-risk disclaimers and prominent disclosure of eligibility, lock-in, investment limits and other features. OBPPs must appoint a compliance officer meeting stock-broker regulatory and certification requirements. The changes apply immediately.
Online Bond Platform Providers may offer products, securities and services regulated by SEBI, RBI, IRDAI, IFSCA or PFRDA, and may also offer tax-specific bonds issued under the Income-tax Act. IFSCA-regulated offerings must follow the framework applicable to SEBI-registered stock brokers in GIFT-IFSC, comply with FEMA and overseas investment requirements, and be clearly labelled as international or overseas instruments. Tax-specific bonds require issuer-based grievance disclosures, tax-risk disclaimers and prominent disclosure of eligibility, lock-in, investment limits and other features. OBPPs must appoint a compliance officer meeting stock-broker regulatory and certification requirements. The changes apply immediately.
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