Regulation 23 - Exemption from enforcement of the regulations in special cases
Securities and Exchange Board of India (Central Database Of Market Participants) Regulations, 2003 Chapter VI POWER TO RELAX STRICT ENFORCEMENT OF THE REGULATIONS
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Regulatory sandbox exemption allows temporary relief from regulations to test new market innovations under conditions specified by the regulator. Regulation 23 authorises the Board to exempt any person or class from specified regulatory provisions for up to twelve months to promote technological innovation by testing new products, processes, services or business models in a live regulatory sandbox; such exemptions are subject to Board-specified conditions, including requirements for continuous compliance, and the regulatory sandbox is defined as a limited live testing environment for eligible customers under those 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 allows temporary relief from regulations to test new market innovations under conditions specified by the regulator.
Regulation 23 authorises the Board to exempt any person or class from specified regulatory provisions for up to twelve months to promote technological innovation by testing new products, processes, services or business models in a live regulatory sandbox; such exemptions are subject to Board-specified conditions, including requirements for continuous compliance, and the regulatory sandbox is defined as a limited live testing environment for eligible customers under those conditions.
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