Regulatory sandbox allows temporary exemptions from securities regulations to enable live testing subject to board-imposed conditions. Regulation 21 authorises the Board to grant time-limited exemptions from one or more regulatory provisions to persons or classes of persons to further ... Summary
Regulatory sandbox allows temporary exemptions from securities regulations to enable live testing subject to board-imposed conditions.
Regulation 21 authorises the Board to grant time-limited exemptions from one or more regulatory provisions to persons or classes of persons to further innovation via a regulatory sandbox. Any exemption is subject to conditions specified by the Board, including requirements for continuous compliance, and the regulatory sandbox is defined as a live testing environment deploying new products, processes, services or business models to a limited set of eligible customers for a specified period under Board-prescribed conditions.
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