Framework for Regulatory Sandbox
Summary
This circular modifies paragraph 6 of Annexure A to the June 14, 2021 circular regarding the Regulatory Sandbox framework. It updates the application and approval process by specifying eligibility criteria and authorized signatories for applications. The document mandates submission of complete applications to a designated SEBI official or via email.
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The applicant shall ensure that the specified eligibility criteria are satisfied while submitting the application as per Annexure -1 to SEBI. The application form shall be signed by the Chief Executive Officer (CEO) of the applicant or officer duly authorized by the CEO or compliance officer. The complete application must be submitted to: Chief General Manager Market Intermediaries Regulation and Supervision Department -2 SEBI Bhavan II BKC, Plot No.C-7, ‘G’ Block, Bandra Kurla Complex, Bandra (E), Mumbai 400 071 Or By email at regulatorysandbox@sebi.gov.in
This circular is issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 and Section 19 of the Depositories Act, 1996 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.
Source: SecMarx — Framework for Regulatory Sandbox. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.