Indian market regulator SEBI on Tuesday proposed allowing online bond platforms to offer products regulated by the country’s International Financial Centers Authority. The move is aimed at increasing access to overseas listed debt and strengthening Gujarat’s GIFT City as a global finance hub.
Here are some details:
* The Securities and Exchange Board of India (SEBI) in a consultation paper has proposed allowing online bond platforms to offer products like debt securities listed overseas, which are regulated by India’s International Financial Services Centers Authority (IFSCA).
* IFSCA, which is the regulator for international financial centers including GIFT City, had asked SEBI to allow online bond platforms to offer such products so that their regulatory framework is aligned with the one applicable to stock brokers operating in GIFT City.
* While SEBI-registered brokers can operate in IFSCs after registering with IFSCA, online bond platforms are currently prohibited from offering IFSC-regulated products.
* SEBI has also proposed to allow online bond platforms to offer tax-saving bonds issued by government companies.
* The regulator will invite public comments till May 26, 2026. (Reporting by Urvi Dugar in Bengaluru; Editing by Ronojoy Majumdar)
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