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<h1>Regulatory sandbox exemption permits temporary relief from mutual funds regulations to test new products under specified conditions.</h1> 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.