The Securities and Exchange Board of India (SEBI) on June 16, 2023, issued a notification regarding Adherence to provisions of regulation 51A of SEBI (Issue and Listing of NonConvertible Securities) Regulations, 2021 by Online Bond Platform Providers on product offerings on Online Bond Platforms.
A few Online Bond Platform Providers have commenced operations, the following are observed:
•Certain Online Bond Platform Providers continue to offer products other than listed debt securities and debt securities proposed to be listed through a public offering on their Online Bond platform;
•Certain Online Bond Platform Providers are offering unlisted bonds/ other products on a separate platform/ website and have not divested of such offerings in terms of clause 5.2 of the OBP circular; and
•Certain Online Bond Platform Providers have a link on the online bond platform/ website to another platform/ website for transacting in unlisted bonds/ other products.
Securities that can be offered on Online Bond Platforms: Taking into account representations from Online Bond Platform Providers, it has been decided to permit them to offer certain other securities on their Online Bond Platforms.
[Notification No. SEBI/HO/DDHS/POD1/P/CIR/2023/092]
