Modification in the regulatory framework for Online Bond Platform Providers (OBPPs) including measures for promoting ease of doing business

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....erating as OBPPs under Regulation 51A of the SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021 ("SEBI NCS Regulations"). This framework was further streamlined through subsequent circulars to provide for registration, specify the permissible list of products/services and other operational requirements. 2. Certain suggestions have been received from various stakeholders to promote ease of doing business. Accordingly, this circular addresses modification of provisions of SEBI NCS Master Circular dated October 15, 2025 on the following areas: 2.1. OBPPs may be permitted to offer products or securities or services regulated by International Financial Services Centres Authority (IFSCA). 2.2. OBPPs may be permitted....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ity either under a different tab on its online bond platform or on any other website/ platform. b. they will be governed by the directions / stipulations of the respective financial sector regulator. c. The grievance redressal mechanism for such products/securities/services shall be specified by the OBPPs on their platform. d. In the case of products, securities, or services regulated by IFSCA, OBPPs shall offer them in the manner specified for SEBI-registered stock brokers operating within the GIFT-IFSC and in compliance with applicable guidelines under Foreign Exchange Management Act (FEMA), 1999, including Overseas Investment Rules and limits under Liberalised Remittance Scheme (LRS). Further, such products/sec....