SEBI Eyes Online Access to Overseas Debt, Bolstering GIFT City

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AuthorRiya Kapoor|Published at:
SEBI Eyes Online Access to Overseas Debt, Bolstering GIFT City
Overview

Securities and Exchange Board of India (SEBI) proposed enabling online bond platforms to offer overseas-listed debt products regulated by the International Financial Services Centres Authority (IFSCA). This initiative seeks to expand investor access to global debt markets and solidify Gujarat's GIFT City as a prominent international finance hub. Tax-saving bonds from state-owned companies are also included in the proposed changes.

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Regulatory Hurdles Cleared

This proposal follows a request from the International Financial Services Centres Authority (IFSCA), which regulates financial centers like GIFT City. IFSCA asked SEBI to allow online bond platforms to offer products it oversees, aiming to match rules for stock brokers in GIFT City.

Currently, SEBI-registered brokers can operate in India's International Financial Services Centres (IFSCs) if they register with IFSCA. However, online bond platforms are restricted from offering IFSC-regulated products, a gap this proposal aims to close.

New Doors for Investor Access

The change is set to significantly expand Indian investors' access to overseas-listed debt securities. By enabling online platforms to facilitate these offerings, SEBI intends to provide more diverse investment options and improve capital market links. Tax-saving bonds from state-owned companies could also become available through these platforms.

Strengthening GIFT City's Hub Status

This initiative is a key move to strengthen Gujarat's GIFT City as a growing global finance hub. By broadening the range of financial products available via domestic platforms and aligning with global standards, SEBI and IFSCA aim to draw more financial activity and investment to the special economic zone. SEBI is seeking public comments on the proposal until May 26, 2026.

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Disclaimer:This content is for educational and informational purposes only and does not constitute investment, financial, or trading advice, nor a recommendation to buy or sell any securities. Readers should consult a SEBI-registered advisor before making investment decisions, as markets involve risk and past performance does not guarantee future results. The publisher and authors accept no liability for any losses. Some content may be AI-generated and may contain errors; accuracy and completeness are not guaranteed. Views expressed do not reflect the publication’s editorial stance.