https://www.taxtmi.com/circulars?id=64842 The framework allows SEBI registered entities to test innovative securities market solutions in a two stage sandbox under SEBI approved user caps and informed consent. Applicants must show genuine need for live testing and for any regulatory relaxations, demonstrate testing readiness, user benefits and risk mitigants, and obtain a limited certificate of registration. SEBI may grant exemptions case by case while retaining core investor protections (KYC/AML). Applicants must submit project plans, monthly and final reports, maintain records, provide grievance redressal and indemnity cover, and comply with exit, withdrawal and revocation procedures. en-us Mon, 14 Jun 2021 00:00:00 +0530 Mon, 14 Jun 2021 17:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=64842 The framework allows SEBI registered entities to test innovative securities market solutions in a two stage sandbox under SEBI approved user caps and informed consent. Applicants must show genuine need for live testing and for any regulatory relaxations, demonstrate testing readiness, user benefits and risk mitigants, and obtain a limited certificate of registration. SEBI may grant exemptions case by case while retaining core investor protections (KYC/AML). Applicants must submit project plans, monthly and final reports, maintain records, provide grievance redressal and indemnity cover, and comply with exit, withdrawal and revocation procedures. Circulars SEBI Mon, 14 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/circulars?id=64842