Regulatory sandbox exemption permits time-limited relief to test new market products under Board-specified conditions and oversight. Regulation 43 authorises the Board to exempt persons or classes from specified regulatory provisions for up to twelve months to enable testing of new products, services, processes or business models in a regulatory sandbox. Exemptions are subject to Board-prescribed conditions, including continuous compliance, and the sandbox is defined as a live testing environment deploying innovations to a limited set of eligible customers for a specified period under 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 time-limited relief to test new market products under Board-specified conditions and oversight.
Regulation 43 authorises the Board to exempt persons or classes from specified regulatory provisions for up to twelve months to enable testing of new products, services, processes or business models in a regulatory sandbox. Exemptions are subject to Board-prescribed conditions, including continuous compliance, and the sandbox is defined as a live testing environment deploying innovations to a limited set of eligible customers for a specified period under specified conditions.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
