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        SEBI

        Regulation 27B - Exemption from enforcement of the regulations in special cases

        Securities and Exchange Board of India (Issue and Listing of Municipal Debt Securities) Regulations, 2015
        Chapter VII-B
        POWER TO RELAX STRICT ENFORCEMENT OF THE REGULATIONS

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        Regulatory sandbox exemption permits temporary relief from specified securities regulations to test innovations under Board imposed conditions. The Board may exempt any person or class from specified provisions for up to twelve months to further innovation by testing new products, processes, services or business models in a regulatory sandbox, subject to conditions and continuous compliance as specified by the Board.
                        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 permits temporary relief from specified securities regulations to test innovations under Board imposed conditions.

                              The Board may exempt any person or class from specified provisions for up to twelve months to further innovation by testing new products, processes, services or business models in a regulatory sandbox, subject to conditions and continuous compliance as specified by the Board.


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