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

SEBI has modified the regulatory framework applicable to Online Bond Platform Providers (OBPPs) under the SEBI Master Circular for issue and listing of Non-Convertible Securities, Securitised Debt Instruments, Security Receipts, Municipal Debt Securities and Commercial Paper. The modifications, inter alia, permit OBPPs to offer products, securities or services regulated by IFSCA and specified bonds issued under the Income Tax framework, along with changes relating to compliance officer requirements. The amendments are aimed at facilitating ease of doing business while strengthening the regulatory framework for OBPPs.