SEBI Comes Out with a Detailed Regulatory Framework for Online Bond Platform Providers (OBPs)
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- By Chetan Kulasri
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- Last Updated on 19 June, 2023
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Circular: SEBI/HO/DDHS/POD1/P/CIR/2023/092, Dated: 16.06.2023
Earlier, the SEBI vide Circular dated Nov 14, 2022 (‘OBP Circular’) provides for the registration and regulatory framework for Online Bond Platform Providers (OBP). It is noted that certain OBP are not complying with it. Now SEBI has come out with detailed regulatory norms. Further, OBPs are now allowed to offer additional products like listed govt. securities, treasury bills, and listed sovereign gold bonds etc. on their platform. The circular shall be effective immediately. Earlier, they were allowed to offer limited products only.
Click Here To Read The Full Circular
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