Regulatory relaxation: Board may relax procedural requirements or grant time limited exemptions to enable market innovation. The Board may relax procedural requirements or strict enforcement where requirements are procedural or technical, cause undue hardship to particular ... Summary
Regulatory relaxation: Board may relax procedural requirements or grant time limited exemptions to enable market innovation.
The Board may relax procedural requirements or strict enforcement where requirements are procedural or technical, cause undue hardship to particular classes of issuers, further investor interest, or serve the securities market. Applicants must file a detailed application stating grounds and pay a non-refundable electronic fee. The Board may exempt persons or classes for up to twelve months to test innovations in a regulatory sandbox, subject to specified conditions and continuous compliance.
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