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    <title>Exemption from enforcement of the regulations in special cases</title>
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    <description>The Board may grant time limited exemptions, not exceeding twelve months, from specified provisions to permit live testing of new products, processes, services or business models in a regulatory sandbox. Any exemption is subject to conditions the Board specifies, including ongoing compliance requirements. &quot;Regulatory sandbox&quot; is defined as a live testing environment where novel offerings may be deployed to a limited set of eligible customers for a specified period under Board specified conditions.</description>
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