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    <title>Exemption from enforcement of the regulations in special cases</title>
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    <description>The Securities and Exchange Board may exempt any person or class from specified provisions of the Depositories and Participants Regulations for up to twelve months to enable deployment of new products, processes, services or business models in a regulatory sandbox. Exemptions are subject to Board-specified eligibility and ongoing conditions that applicants must satisfy while operating in the live testing environment.</description>
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      <description>The Securities and Exchange Board may exempt any person or class from specified provisions of the Depositories and Participants Regulations for up to twelve months to enable deployment of new products, processes, services or business models in a regulatory sandbox. Exemptions are subject to Board-specified eligibility and ongoing conditions that applicants must satisfy while operating in the live testing environment.</description>
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