Online bond platform registration requires stock broker certification and compliance, with limited transitional relief for existing operators. Operators of online bond platforms must obtain a certificate of registration from the Board as a stock broker and comply with registration conditions and additional requirements specified by the Board. The Chapter defines online bond platform providers and platforms as electronic systems, excluding recognised stock exchanges and electronic book providers, where listed or proposed debt securities are offered and transacted. Existing operators without registration may continue to operate for a limited transitional period or until disposal of a timely application.