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          <h1>SEBI Regulation 23A: Exemptions for Innovative Testing in Regulatory Sandbox for Up to 12 Months</h1> Regulation 23A of the Securities and Exchange Board of India (SEBI) Regulations, 2013, grants SEBI the authority to exempt individuals or groups from certain regulatory provisions for up to twelve months. This exemption aims to support innovation by allowing the testing of new products, services, or business models within a regulatory sandbox. Such exemptions are conditional, requiring compliance with specified ongoing conditions. The regulatory sandbox is a controlled environment for limited customer testing to advance innovation in the securities market.

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