SEBI proposes framework for Regulatory Sandbox for financial institutions
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Typically, the regulatory provisions are relaxed during the testing period. The proposal on regulatory sandbox comes days after the market regulator issued a framework for ‘innovation sandbox’, which allows fintech firms not regulated by Sebi to test their products and offerings.
“Sebi plans to introduce a framework, which will be called regulatory sandbox. Under this framework, financial institutions regulated by Sebi shall be granted certain facilities and flexibilities to experiment with fintech solutions in a live environment and on real customers. These features will be fortified with necessary safeguards for investor protection and risk mitigation,” the regulator said. #casansaar (Source - Busiiness Standard)
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