Regulatory sandbox exemption permits temporary relief from mutual funds regulations to test new products under specified conditions. The Board may grant temporary exemptions from any provisions of the Mutual Funds Regulations for testing new products, processes, services and business ... Summary
Regulatory sandbox exemption permits temporary relief from mutual funds regulations to test new products under specified conditions.
The Board may grant temporary exemptions from any provisions of the Mutual Funds Regulations for testing new products, processes, services and business models in a regulatory sandbox for up to twelve months; such exemptions are subject to conditions specified by the Board, including continuous compliance obligations, and the sandbox is a live testing environment deploying innovations to a limited set of eligible customers under Board-prescribed conditions.
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