Regulatory sandbox exemption permits temporary relaxation of stock-broker rules to test new products under prescribed conditions. Regulation 28A empowers the Board to exempt persons or classes from provisions of the Stock Brokers Regulations for a specified period not exceeding twelve months to further innovation by testing new products, processes, services or business models in a live regulatory sandbox; any exemption is subject to conditions specified by the Board, including continuous compliance obligations, and the sandbox is defined as a live testing environment using a limited set of eligible customers for a specified period under Board-prescribed conditions.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Regulatory sandbox exemption permits temporary relaxation of stock-broker rules to test new products under prescribed conditions.
Regulation 28A empowers the Board to exempt persons or classes from provisions of the Stock Brokers Regulations for a specified period not exceeding twelve months to further innovation by testing new products, processes, services or business models in a live regulatory sandbox; any exemption is subject to conditions specified by the Board, including continuous compliance obligations, and the sandbox is defined as a live testing environment using a limited set of eligible customers for a specified period under Board-prescribed conditions.
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