The Securities and Exchange Board of India (Sebi) has proposed allowing Online Bond Platform Providers (OBPPs) to offer products regulated by the International Financial Services Centres Authority (IFSCA) and specific tax-saving bonds under the Income Tax Act. Currently, OBPPs can only provide products regulated by Indian financial sector regulators like Sebi and the Reserve Bank of India (RBI). The proposal aims to enhance operational efficiency and ease of doing business, responding to requests from IFSCA and industry stakeholders. OBPPs will also be permitted to offer bonds under Section 54EC of the Income Tax Act, which provide capital gains tax exemptions. To protect investors, Sebi requires OBPPs to disclose essential features of these bonds, including eligible issuers and investment limits, and to inform investors that grievances related to these bonds will not be handled by Sebi. Additionally, compliance officer requirements for OBPPs will align with those of stock brokers, moving away from the previous mandate of appointing a company secretary. Sebi is seeking public comments on these proposals until May 26.