SEBI (Regulatory Sandbox) (Amendment) Regulations, 2020

Apr 20, 2020 | by Avantis RegTech Legal Research Team


Industry Specific Compliance

The Securities and Exchange Board of India (SEBI) on April 17, 2020, notifies amendments in SEBI regulations related to Regulatory Sandbox. The "regulatory sandbox" means a live testing environment where new products, processes, services, business models, etc. may be deployed on a limited set of eligible customers for a specified period of time, for furthering innovation in the securities market, subject to such conditions as may be specified by the Board.

SEBI has inserted the Chapter with respect to “Power to relax strict enforcement of the regulations”, stating that the Board may exempt any person or class of persons from the operation of all or any of the provisions of these regulations for a period as may be specified but not exceeding 12 months, for furthering innovation in technological aspects relating to testing new products, processes, services, business models, etc. in live environment of regulatory sandbox in the securities markets.

This Notification shall come into force on the date of their publication in the Official Gazette that is April 18, 2020.

[Notification No. SEBI/LAD-NRO/GN/2020/10]


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