News Update

Eligibility Criteria For Regulatory Sandbox Revised By Sebi

• ByStartupStory     |    June 15, 2021

Eligibility criteria for regulatory sandbox revised by Sebi, laying down requirements to apply for the two stages of sandbox testing. The revision has been done in order to enhance the reach and achieve the desired aim, Sebi said in a circular. All Sebi-registered entities are eligible for testing in the regulatory sandbox, it added that the entity may apply either on its own or in partnership with any other entity.

In both stages, there will be a maximum cap on users based on the requirement of the applicant duly approved by Sebi, according to the eligibility criteria for regulatory sandbox revised by Sebi, in  stage-I testing, the applicant would use a limited and identified set of users; while in stage II, there will be a larger set of identified users. The solution should offer identifiable direct or indirect benefits and the solution should either be a new innovative one or should improve the existing processes or facilitate inclusion.

 

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