Regulatory sandbox allows SEBI-registered entities to live-test FinTech solutions with limited exemptions, reporting and revocation safeguards. SEBI's Regulatory Sandbox permits SEBI registered entities to live test FinTech solutions on limited real customers under safeguards. Applicants must satisfy eligibility criteria-innovation, need for live testing, prior offline testing, user benefits, risk management, testing readiness and post test deployment plans-and submit a CEO certified application. SEBI reviews suitability within 30 working days, determines test conditions, and may grant testing authorisation for up to 12 months. Selective regulatory relaxations or a limited certificate of registration may be granted, but core investor protection, KYC and AML requirements remain non derogable. Reporting, record keeping and revocation provisions apply.
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 SEBI-registered entities to live-test FinTech solutions with limited exemptions, reporting and revocation safeguards.
SEBI's Regulatory Sandbox permits SEBI registered entities to live test FinTech solutions on limited real customers under safeguards. Applicants must satisfy eligibility criteria-innovation, need for live testing, prior offline testing, user benefits, risk management, testing readiness and post test deployment plans-and submit a CEO certified application. SEBI reviews suitability within 30 working days, determines test conditions, and may grant testing authorisation for up to 12 months. Selective regulatory relaxations or a limited certificate of registration may be granted, but core investor protection, KYC and AML requirements remain non derogable. Reporting, record keeping and revocation provisions apply.
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