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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 from provisions of the Share Based Employee Benefits Regulations to any person or class to enable testing of new products, processes, services or business models in a regulatory sandbox. Exemptions are for a specified period not exceeding twelve months and are subject to conditions specified by the Board, including continuous compliance. A regulatory sandbox is a live testing environment where innovations may be deployed to a limited set of eligible customers for a specified period under Board specified conditions.</description>
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