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SEBI proposes Fixed Income Channel Partners (FICPs) to widen retail distribution of fixed income securities through Online Bond Platform Providers (OBPPs), with stock-exchange enlistment, NISM certification, conduct rules and a proposed 2.5% client fee cap. Comments are invited by September 11, 2026
Consultation Paper on Introduction of Fixed Income Channel Partners (FICPs) for Distribution of Fixed Income Securities through Online Bond Platform Providers (OBPPs)
21 August 202627 min
SEBI permits PAIA performing only sales and non-core services to obtain NISM Series-XXV-B instead of X-A and X-B. Existing eligible certificate holders receive relief until their certifications expire.
Ease of Doing Business – Relaxation in certification requirement for Persons Associated with Investment Advice (PAIA) – Sales and other non-core services
24 June 2026Eff. 24 June 202619 min