Regulatory sandbox exemptions permit time-bound testing of innovative securities-market offerings subject to specified and continuing conditions. Regulation 33D authorises the Board to grant a time-bound exemption from all or specified provisions governing intermediaries for innovation through live ... Summary
Regulatory sandbox exemptions permit time-bound testing of innovative securities-market offerings subject to specified and continuing conditions.
Regulation 33D authorises the Board to grant a time-bound exemption from all or specified provisions governing intermediaries for innovation through live testing in the securities-market regulatory sandbox. The exemption cannot exceed twelve months and remains subject to conditions specified by the Board, including continuing compliance requirements. The sandbox permits innovative products, processes, services and business models to be deployed for a specified period to a limited set of eligible customers.
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