Chapter VIII - NET ASSET VALUE AND TIMELINES FOR ALLOTMENT OF MUTUAL FUND UNITS AND PAYMENT OF INVESTMENT PROCEEDS (From Regulation 43 to Regulation 46)
Regulatory sandbox exemptions allow temporary relief from mutual fund regulations to test innovative securities-market products. The Board may exempt any person or class from provisions of the mutual funds regulations for up to twelve months to further innovation by testing new products, processes, services, or business models in a live regulatory sandbox; such exemptions are subject to conditions the applicant must satisfy and continuously comply with, and the regulatory sandbox is defined as a limited live testing environment for eligible customers 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 exemptions allow temporary relief from mutual fund regulations to test innovative securities-market products.
The Board may exempt any person or class from provisions of the mutual funds regulations for up to twelve months to further innovation by testing new products, processes, services, or business models in a live regulatory sandbox; such exemptions are subject to conditions the applicant must satisfy and continuously comply with, and the regulatory sandbox is defined as a limited live testing environment for eligible customers under Board-prescribed conditions.
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