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of <h1>Regulation 30: SEBI allows 12-month exemption for innovation testing in securities market regulatory sandbox.</h1> Regulation 30 of the Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 1993, allows the Board to exempt individuals or groups from certain regulatory provisions for up to twelve months. This exemption aims to encourage innovation through a regulatory sandbox, enabling the testing of new products, processes, services, and business models in a controlled environment. Exemptions are contingent upon meeting specified conditions, which must be maintained continuously. The regulatory sandbox is defined as a testing environment for innovation in the securities market under conditions set by the Board.
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