Consultation Paper Dated 05.05.2026
The Securities and Exchange Board of India (SEBI) has proposed an amendment to the regulatory framework governing Online Bond Platform Providers (OBPPs) to align compliance requirements with those applicable to stock brokers.
1. Existing Requirement
Currently, Online Bond Platform Providers are required to appoint a Company Secretary as the Compliance Officer
2. Proposed Change
SEBI proposes to:
- Align the requirement with the framework applicable to stock brokers
- Move towards a principle-based compliance framework
3. Objective of the Proposal
The amendment aims to:
- Promote regulatory harmonisation across intermediaries
- Enhance ease of doing business
- Provide greater operational flexibility to OBPPs
4. Regulatory Impact
The proposed framework would:
- Reduce rigid role-specific requirements
- Allow entities greater flexibility in structuring compliance functions
- Maintain regulatory accountability while simplifying implementation
5. Conclusion
The proposal reflects SEBI’s broader approach towards streamlined and harmonised regulation, balancing effective compliance oversight with operational practicality for online bond platform providers.
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