The Securities and Exchange Board of India (SEBI) has ruled that online bond providers (OBPPs) can only offer listed debt securities, government securities, listed sovereign gold bonds and treasury bills on their platforms. The framework for the providers means they need to register as stock brokers in the debt segment of a stock exchange. SEBI also said that any holding company, subsidiary or associate of an OBPP will not be able to use the online bond platform's name or brand name for offerings not regulated by financial sector regulators.