The Securities and Exchange Board of India has introduced the regulatory framework to facilitate the providers of online bond platforms, effective today.
In a circular, the regulator said that no person can act as an online bond platform without getting a certificate of registration as a stockbroker from SEBI.
They will have to comply with the conditions of registration and such other requirements specified by the regulator from time to time, SEBI said.
A person acting as an online bond platform provider without registration certificate prior to the date of the norms coming into force can continue for three months.
With inputs from Agencies
