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        SEBI

        Regulation 28A - Exemption from enforcement of the regulations in special cases

        Securities and Exchange Board of India (Investment Advisers) Regulations 2013
        Chapter V-A
        POWER TO RELAX STRICT ENFORCEMENT OF THE REGULATIONS

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        Regulatory sandbox exemptions permit temporary relaxation of rules to test innovations under Board-imposed conditions. The Board may grant time-bound exemptions from specified provisions to allow controlled live testing of new products, processes, services or business models within a regulatory sandbox, subject to applicants meeting and continuously complying with conditions specified by the Board and deploying innovations to a limited set of eligible customers for a specified period.
                          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 temporary relaxation of rules to test innovations under Board-imposed conditions.

                                The Board may grant time-bound exemptions from specified provisions to allow controlled live testing of new products, processes, services or business models within a regulatory sandbox, subject to applicants meeting and continuously complying with conditions specified by the Board and deploying innovations to a limited set of eligible customers for a specified period.


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