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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Full Text of the Document

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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.....