POWER TO RELAX STRICT ENFORCEMENT OF THE REGULATIONS - Securities and Exchange Board of India (Issue And Listing Of Non-Convertible Redeemable Preference Shares) Regulations, 2013
POWER TO RELAX STRICT ENFORCEMENT OF THE REGULATIONS - Securities and Exchange Board of India (Issue And Listing Of Non-Convertible Redeemable Preference Shares) Regulations, 2013
Regulation 23A - Exemption from enforcement of the regulations in special cases
Securities and Exchange Board of India (Issue And Listing Of Non-Convertible Redeemable Preference Shares) Regulations, 2013 Chapter VI-A POWER TO RELAX STRICT ENFORCEMENT OF THE REGULATIONS
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Regulatory sandbox exemptions allow temporary relief from certain listing regulations to test innovative securities market products. The Board may exempt any person or class from specified provisions of these regulations for up to twelve months to permit testing of new products, ... Summary
Regulatory sandbox exemptions allow temporary relief from certain listing regulations to test innovative securities market products.
The Board may exempt any person or class from specified provisions of these regulations for up to twelve months to permit testing of new products, processes, services or business models in a regulatory sandbox; such exemptions are subject to conditions prescribed by the Board, including ongoing compliance requirements. A regulatory sandbox is defined as a live testing environment deploying innovations to a limited set of eligible customers for a specified period under Board-specified conditions.
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