On June 5th SEBI released a cirular to introduce a framework for “Regulatory Sandbox”. Under this sandbox framework, entities regulated by SEBI that shall be granted certain exemptions and flexibilities to experiment with FinTech solutions in a live environment and on limited set of real customers for a limited time frame. These features shall be fortified with necessary safeguards for investor protection and risk mitigation.
Authored by Aayush Bulani (Virtual Intern) with inputs from Akshata Namjoshi (Lead: Fintech, Blockchain, Emerging Tech)
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