The Securities and Exchange Board of India (Sebi) plans to let online bond platform providers (OBPPs) offer products from Gujarat International Finance Tec-City (GIFT City), but early signals suggest platforms may move cautiously.
What are the proposed changes?
Sebi has proposed allowing OBPPs to offer products regulated by the International Financial Services Centre Authority (IFSCA), such as overseas debt investments, that aren’t easily accessible to most Indian investors using digital platforms. The move is expected to widen the current scope of OBPPs, which are largely restricted to listed debt securities, government securities and similar domestic instruments.
