SEBI Guidelines on Regulatory Sandbox Framework

SEBI has, by its Circular dated June 5, 2020, introduced a framework for a ‘Regulatory Sandbox’. Under this framework, entities that are regulated by SEBI will be granted certain facilities and flexibilities to experiment with financial technology solutions in a live environment and on a limited set of real customers for a limited time frame. The guidelines issued by SEBI prescribe the eligibility criteria, duration for sandbox testing stage, obligations of the applicant, provisions relating to the application and approval process, evaluation criteria, submission of test related information and reports, and process for extending or exiting the sandbox as well as revocation of the approval.

Published In:Inter Alia - Quarterly Edition - June 2020 [ English
Date: June 30, 2020