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        SEBI

        Regulation 76A - Exemption from enforcement of the regulations in special cases

        Securities and Exchange Board of India (Mutual Funds) Regulations, 1996
        Chapter IX-A
        POWER TO RELAX STRICT ENFORCEMENT OF THE REGULATIONS

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        Regulatory sandbox exemption permits temporary relief from mutual funds regulations to test new products under specified conditions. The Board may grant temporary exemptions from any provisions of the Mutual Funds Regulations for testing new products, processes, services and business models in a regulatory sandbox for up to twelve months; such exemptions are subject to conditions specified by the Board, including continuous compliance obligations, and the sandbox is a live testing environment deploying innovations to a limited set of eligible customers 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 relief from mutual funds regulations to test new products under specified conditions.

                              The Board may grant temporary exemptions from any provisions of the Mutual Funds Regulations for testing new products, processes, services and business models in a regulatory sandbox for up to twelve months; such exemptions are subject to conditions specified by the Board, including continuous compliance obligations, and the sandbox is a live testing environment deploying innovations to a limited set of eligible customers under Board-prescribed conditions.


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