Regulatory sandbox allows temporary exemptions from securities regulations to enable live testing subject to board-imposed conditions. Regulation 21 authorises the Board to grant time-limited exemptions from one or more regulatory provisions to persons or classes of persons to further innovation via a regulatory sandbox. Any exemption is subject to conditions specified by the Board, including requirements for continuous compliance, and the regulatory sandbox is defined as a live testing environment deploying new products, processes, services or business models to a limited set of eligible customers for a specified period 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 allows temporary exemptions from securities regulations to enable live testing subject to board-imposed conditions.
Regulation 21 authorises the Board to grant time-limited exemptions from one or more regulatory provisions to persons or classes of persons to further innovation via a regulatory sandbox. Any exemption is subject to conditions specified by the Board, including requirements for continuous compliance, and the regulatory sandbox is defined as a live testing environment deploying new products, processes, services or business models to a limited set of eligible customers for a specified period under Board-prescribed conditions.
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