Capital markets regulator Sebi has introduced a regulatory framework to facilitate providers of online bond platforms that are selling listed debt securities.
Under the new rules, no person would act as an online bond platform provider without obtaining registration certificate as a stock broker from Sebi, the regulator said in a notification made public on Friday.
Such a person would have to comply with the conditions of registration and such other requirements specified by the regulator from time to time. The move will also enhance the confidence among investors, particularly non-institutional investors, as the platforms would be provided by Sebi-regulated intermediaries.
A person acting as an online bond platform provider without registration certificate prior to the date of this regulation coming into force can continue to do so for a period of three months.
The regulator has defined online bond platform as any electronic system, other than a recognised stock exchange or an …
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