New Delhi, May 8 -- The Securities and Exchange Board of India (Sebi) has proposed to expand the scope of online bond platform providers (OBPPs), potentially allowing them to offer products regulated by the International Financial Services Centres Authority (IFSCA) alongside specific tax-saving bonds.

Currently, these platforms are restricted to securities regulated by domestic entities, such as Sebi, the Reserve Bank of India (RBI), Insurance Regulatory and Development Authority (IRDA), and Pension Fund Regulatory and Development Authority (PFRDA).

The new framework seeks to bridge the gap regarding IFSCA-regulated services, proposing that OBPPs operate within the GIFT-IFSC in a manner similar to Sebi-registered stockbrokers.

"In view...