Regulatory sandbox exemptions permit limited suspension of regulations to test innovations subject to Board conditions. The Board may grant time limited exemptions, not exceeding twelve months, from specified provisions to permit live testing of new products, processes, services or business models in a regulatory sandbox. Any exemption is subject to conditions the Board specifies, including ongoing compliance requirements. 'Regulatory sandbox' is defined as a live testing environment where novel offerings may be deployed to a limited set of eligible customers for a specified period under Board 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 exemptions permit limited suspension of regulations to test innovations subject to Board conditions.
The Board may grant time limited exemptions, not exceeding twelve months, from specified provisions to permit live testing of new products, processes, services or business models in a regulatory sandbox. Any exemption is subject to conditions the Board specifies, including ongoing compliance requirements. "Regulatory sandbox" is defined as a live testing environment where novel offerings may be deployed to a limited set of eligible customers for a specified period under Board specified conditions.
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