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    <title>Exemption from enforcement of the regulations in special cases</title>
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    <description>The Board may exempt any person or class from all or any provisions of these regulations for a specified period not exceeding twelve months to enable testing of new products, processes, services and business models in a regulatory sandbox in the securities markets; any exemption is subject to Board specified conditions, including continuous compliance, and the regulatory sandbox is defined as a live testing environment deploying innovations to a limited set of eligible customers for a specified period under conditions specified by the Board.</description>
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