Overview
- India’s markets regulator issued a public advisory urging investors to transact only with SEBI‑registered Online Bond Platform Providers and to verify a platform’s registration before investing.
- SEBI said some entities, including fintech firms and stockbrokers, are offering OBPP‑type services without required registration from recognised stock exchanges.
- The regulator cautioned all market participants to ensure full compliance with the OBPP framework before offering any such services.
- Activities by unregistered platforms may violate provisions of the Companies Act, 2013 and the SEBI Act, 1992, according to the advisory.
- As of now, 28 OBPPs are registered with the NSE and 33 with the BSE, and SEBI noted it had earlier issued an interim order on November 18, 2024 against a few such entities.