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        SEBI

        Regulation 33 - Exemption from enforcement of the regulations in special cases

        Securities and Exchange Board of India (Underwriters) Regulations, 1993
        Chapter VI
        POWER TO RELAX STRICT ENFORCEMENT OF THE REGULATIONS

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        Regulatory sandbox exemption allows time-limited relief from certain regulations to test innovations under specified conditions. Regulation 33 authorises the Board to grant time-limited exemptions from specified provisions to persons or classes for live testing of new products, processes, services or business models within a regulatory sandbox, subject to conditions the Board may specify and continuous compliance; the regulatory sandbox is defined as a live testing environment deploying innovations to 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 allows time-limited relief from certain regulations to test innovations under specified conditions.

                                Regulation 33 authorises the Board to grant time-limited exemptions from specified provisions to persons or classes for live testing of new products, processes, services or business models within a regulatory sandbox, subject to conditions the Board may specify and continuous compliance; the regulatory sandbox is defined as a live testing environment deploying innovations to a limited set of eligible customers for a specified period under Board-prescribed conditions.


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