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August 2026
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SEBISEBI proposes Fixed Income Channel Partners to distribute bonds through online bond platforms; charges to clients capped at 2.5%. Comment window closed on 11 September 2026
Bond distributors (FICP): draftComments invitedA SEBI consultation paper issued on 21 August 2026 proposes a new class of Fixed Income Channel Partners (FICPs), enlisted with stock exchanges and appointed by Online Bond Platform Providers, to distribute fixed income securities on the lines of mutual fund distributors. FICPs could not handle client funds or charge clients, and AT1-type unsecured perpetual bonds would be out of bounds. Comments were due by 11 September 2026; the window has closed.
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SEBISEBI proposes a mandatory colour-coded Credit Risk-o-Meter for debt securities in offer documents, advertisements and bond platforms; comment window closed on 3 September 2026
Credit Risk-o-Meter: draftComments invitedA SEBI consultation paper issued on 13 August 2026 proposes that issuers and Online Bond Platform Providers must display a “Credit Risk-o-Meter” — a six-level colour-coded scale mapped to credit ratings from AAA to D — in offer documents, abridged prospectuses, private placement memoranda, advertisements and OBPP web and mobile platforms. Comments were due by 3 September 2026; the window has closed.
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