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        SEBI

        Regulation 34 - Exemption from enforcement of the regulations in special cases

        Securities And Exchange Board Of India (Registrars To An Issue And Share Transfer Agents) Regulations, 2025
        Chapter VII
        POWER TO RELAX STRICT ENFORCEMENT OF THE REGULATIONS

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        Regulatory sandbox: SEBI may grant time-limited exemptions up to twelve months subject to conditions and continuous compliance. The Board may exempt any person or class of persons from all or any provisions of these regulations for up to twelve months to further innovation by testing new products, processes, services or business models in a regulatory sandbox. Such exemptions are subject to conditions specified by the Board, including continuous compliance requirements. 'Regulatory sandbox' means a live testing environment deploying innovations to a limited set of eligible customers for a specified time under Board-prescribed 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: SEBI may grant time-limited exemptions up to twelve months subject to conditions and continuous compliance.

                                The Board may exempt any person or class of persons from all or any provisions of these regulations for up to twelve months to further innovation by testing new products, processes, services or business models in a regulatory sandbox. Such exemptions are subject to conditions specified by the Board, including continuous compliance requirements. "Regulatory sandbox" means a live testing environment deploying innovations to a limited set of eligible customers for a specified time under Board-prescribed conditions.


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