Regulatory sandbox power: Board may grant exemptions to regulations to test innovations in live market environments. The Board may exempt any person or class from all or any provisions of these regulations for a specified period not exceeding twelve months to enable testing of new products, processes, services and business models in a regulatory sandbox in the securities markets; any exemption is subject to Board specified conditions, including continuous compliance, and the regulatory sandbox is defined as a live testing environment deploying innovations to a limited set of eligible customers for a specified period under conditions specified by the Board.
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 power: Board may grant exemptions to regulations to test innovations in live market environments.
The Board may exempt any person or class from all or any provisions of these regulations for a specified period not exceeding twelve months to enable testing of new products, processes, services and business models in a regulatory sandbox in the securities markets; any exemption is subject to Board specified conditions, including continuous compliance, and the regulatory sandbox is defined as a live testing environment deploying innovations to a limited set of eligible customers for a specified period under conditions specified by the Board.
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