Regulatory sandbox exemptions permit temporary relaxation of custodian regulations for live innovation testing, subject to specified and continuing conditions. Under Regulation 33 of the Securities and Exchange Board of India (Custodian) Regulations, 1996, SEBI may exempt a person or class of persons from all or ... Summary
Regulatory sandbox exemptions permit temporary relaxation of custodian regulations for live innovation testing, subject to specified and continuing conditions.
Under Regulation 33 of the Securities and Exchange Board of India (Custodian) Regulations, 1996, SEBI may exempt a person or class of persons from all or any provisions of the regulations for a specified period not exceeding twelve months. The power is directed towards furthering innovation by testing new products, processes, services or business models in a live securities-market regulatory sandbox. The exemption is subject to the applicant satisfying conditions specified by SEBI, including conditions that must be met continuously.
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