OBPP ASSOCIATION OF INDIA
Online bond platform companies set up industry body
The executive committee of the new body – called the OBPP Association of India – was formalized at a meeting on May 28 at the NSE’s office in Mumbai, with more than 20 of the 27 licensed OBPPs in attendance, the association said in a statement.
A week of hits and misses in fintech; and other top tech, startup stories
Hi, this is Pratik Bhakta in Bengaluru. It’s been a busy news week for us here at ETtech covering some of the most important stories in the fintech space. We had a string of big exclusives, wrapping it up here just in case you missed reading them.
How to ensure that financial products sold on online platforms are genuine? Aditi Mittal answers
Come to 2019, 2020, we saw a lot of online platforms bringing up and offering fixed income products, structured and packaged in various manners. And they exponentially grew from 2019 to 2022. In November 2022, SEBI came out with the OBPP guidelines for the platforms who were offering corporate bonds listed or to be listed, to be regulated.
Sebi issues guidelines on product offerings by online bond platform providers
The Securities and Exchange Board of India (SEBI) has ruled that online bond providers (OBPPs) can only offer listed debt securities, government securities, listed sovereign gold bonds and treasury bills on their platforms. The framework for the providers means they need to register as stock brokers in the debt segment of a stock exchange. SEBI also said that any holding company, subsidiary or associate of an OBPP will not be able to use the online bond platform's name or brand name for offerings not regulated by financial sector regulators.
Sebi puts in place registration, regulatory framework for online bond platform providers
The Securities and Exchange Board of India (Sebi) said that an entity acting as an OBPP prior to the new rules coming into force, cannot offer products or services on its platform except listed debt securities and debt securities proposed to be listed through a public offering.
