Regulatory sandbox enables controlled live testing of fintech solutions with investor protections and reporting obligations. The framework allows SEBI registered entities to test innovative securities market solutions in a two stage sandbox under SEBI approved user caps and informed consent. Applicants must show genuine need for live testing and for any regulatory relaxations, demonstrate testing readiness, user benefits and risk mitigants, and obtain a limited certificate of registration. SEBI may grant exemptions case by case while retaining core investor protections (KYC/AML). Applicants must submit project plans, monthly and final reports, maintain records, provide grievance redressal and indemnity cover, and comply with exit, withdrawal and revocation procedures.
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 enables controlled live testing of fintech solutions with investor protections and reporting obligations.
The framework allows SEBI registered entities to test innovative securities market solutions in a two stage sandbox under SEBI approved user caps and informed consent. Applicants must show genuine need for live testing and for any regulatory relaxations, demonstrate testing readiness, user benefits and risk mitigants, and obtain a limited certificate of registration. SEBI may grant exemptions case by case while retaining core investor protections (KYC/AML). Applicants must submit project plans, monthly and final reports, maintain records, provide grievance redressal and indemnity cover, and comply with exit, withdrawal and revocation procedures.
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