Regulatory sandbox allows time-limited exemptions from portfolio manager regulations to test innovative products under specified conditions. The Board may exempt any person or class from all or any provisions of the Portfolio Managers Regulations for a specified, time limited period to enable testing of new products, processes, services or business models in a live regulatory sandbox; such exemptions are subject to conditions, including continuous compliance, and the regulatory sandbox is defined as a live testing environment allowing deployment to a limited set of eligible customers 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 allows time-limited exemptions from portfolio manager regulations to test innovative products under specified conditions.
The Board may exempt any person or class from all or any provisions of the Portfolio Managers Regulations for a specified, time limited period to enable testing of new products, processes, services or business models in a live regulatory sandbox; such exemptions are subject to conditions, including continuous compliance, and the regulatory sandbox is defined as a live testing environment allowing deployment to a limited set of eligible customers under Board specified conditions.
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