ArdorComm Media News Network
May 6, 2026
The Securities and Exchange Board of India has proposed permitting Online Bond Platform Providers (OBPPs) to distribute investment products available in GIFT City, in a move aimed at broadening choices for domestic investors and enhancing India’s international financial hub as a global investment destination.
The products fall under the regulatory framework of the IFSCA and include overseas-listed debt instruments. The proposal comes after IFSCA sought regulatory alignment, noting that stock brokers are already allowed to operate in these segments, while OBPPs remain restricted.
In a separate measure, SEBI has suggested allowing OBPPs to distribute tax-saving bonds issued under Section 54EC by government-backed institutions. These offerings would remain subject to conditions such as mandatory disclosures, lock-in requirements, investment caps, and adherence to foreign exchange rules.
The regulator is also considering relaxation in norms related to the appointment of compliance officers for OBPP platforms.
SEBI has opened the consultation paper for public feedback, with comments invited until May 26.
Source: News on AIR