Q. With reference to the regulatory framework for Online Bond Platform Providers (OBPP), recently announced by SEBI consider the following statements:
It provided that no person can act as an online bond platform provider without obtaining registration certificate as a stock broker from SEBI.
It says that those persons already acting as an online bond platform provider without registration certificate can continue to do so for a period of three months.
Which of the statement given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: C
Notes:

Statement 1: The regulatory framework for OBPP provided that no person can act as an online bond platform provider without obtaining registration certificate as a stock broker from SEBI.

Statement 2: The framework also says that those persons already acting as an online bond platform provider without registration certificate can continue to do so for a period of three months.

Source: The Economic Times