SEBI framework for OBPP

Current Context: Securities and Exchange Board of India has released its Online Bond Platform Providers (OBBP) regulatory framework.

• It is done in order to streamline operations.
• It is defined as an electronic system on which listed debt securities are offered and transacted.
• Once a broker is registered, the OBPP is then required to apply as a bourse.
• The new framework requires OBBPs to be registered as stock brokers in the debt segment.
• According to the new framework, the OBPP must ensure all instances of conflict of interest occur during the transactions.
• Static Part- OBPPs are companies that are incorporated in India.

Question:

Q.1 Which body has launched a framework for OBPP?
a. RBI
b. SEBI
c. IRDAI
d. NABARD