The Securities and Exchange Board of India (SEBI) on December 28, 2023, issued Modifications to provisions of Chapter XXI of the NCS Master Circular dealing with registration and regulatory framework for Online Bond Platform Providers
This shall come into effect from December 28, 2023
The following has been stated namely: -
• It states that the Stock Exchanges are directed to perform the following functions namely: -
(i) Bring the provisions of this circular to the notice of Stock Brokers/ Online Bond Platform Providers and also disseminate the same on their websites
(ii) make necessary amendments to the relevant bylaws, rules, and regulations for the implementation of the above directions in coordination with one another to achieve uniformity in approach and communication to SEBI.
(iii) monitor the operations carried out by the Online Bond Platform Provider
• It states that this Circular is available at www.sebi.gov.in under the link “Legal Circulars”
Kindly refer to the document to find the modifications in detail
[Circular No. SEBI/HO/DDHS/POD1/P/CIR/2023/194]
