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<h1>Regulatory sandbox exemption permits time-limited relief to test new market products under Board-specified conditions and oversight.</h1> 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.