Regulatory sandbox exemption permits temporary relief from debenture trustee regulations to test securities innovations under conditions. The Board may exempt any person or class of persons from operation of any provisions of the Debenture Trustees Regulations for a period not exceeding twelve months to further innovation by testing new products, processes, services or business models in a regulatory sandbox. Exemptions are subject to such conditions as the Board may specify, including ongoing compliance requirements. A regulatory sandbox is defined as a live testing environment deploying innovations to a limited set of eligible customers for a specified period under Board specified 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 relief from debenture trustee regulations to test securities innovations under conditions.
The Board may exempt any person or class of persons from operation of any provisions of the Debenture Trustees Regulations for a period not exceeding twelve months to further innovation by testing new products, processes, services or business models in a regulatory sandbox. Exemptions are subject to such conditions as the Board may specify, including ongoing compliance requirements. A regulatory sandbox is defined as a live testing environment deploying innovations to a limited set of eligible customers for a specified period under Board specified conditions.
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