Question
Consider the following statement about SEBI’s new
regulatory framework to facilitate online bond platform providers: I. No person would act as an online bond platform provider without obtaining registration certificate. II. Such a person would have to comply with the conditions of registration. III. A person acting as an online bond platform provider without registration certificate prior to the date of this regulation coming into force can continue to do so for a period of three months. Which of the above statement is/are correct?Solution
Capital markets regulator SEBI has introduced a regulatory framework to facilitate providers of online bond platforms that are selling listed debt securities. Under the new rules, no person would act as an online bond platform provider without obtaining registration certificate as a stock broker from SEBI. Such a person would have to comply with the conditions of registration and such other requirements specified by the regulator from time to time. The move will also enhance the confidence among investors, particularly non-institutional investors, as the platforms would be provided by SEBI-regulated intermediaries. A person acting as an online bond platform provider without registration certificate prior to the date of this regulation coming into force can continue to do so for a period of three months. Learn Along: Online bond platforms- The regulator has defined online bond platform as any electronic system, other than a recognised stock exchange or an electronic book provider platform, on which the debt securities which are listed or proposed to be listed, are offered and transacted. Further, online bond platform provider means any person operating or providing such a platform.
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