Categories: Business

SEBI permits the use of regulatory sandbox by market players

Securities and Exchange Board of India (SEBI) has permitted the market players to use regulatory sandbox on select customers. SEBI will grant limited registration for such testing purposes. The decision has been taken to facilitate the use of latest fintech innovations in capital markets. The decision was taken at the board meeting of the market regulator Securities and Exchange Board of India.

What is a “Regulatory Sandbox”?

Regulatory Sandbox is a system that enables the market players to live test their new products, services and business models on select customers. The proposed system intends to perform as a testing platform for new business models and technologies that can provide an advantage to investors, Indian markets as well as the Indian economy at large. The Regulatory Sandbox framework allows the regulated entities to experiment with fintech solutions in a live environment and on real customers with the help of some certain facilities and flexibilities. The whole activity is being done while ensuring the necessary safeguards for investor protection and risk mitigation.

The Securities and Exchange Board of India expects that the adoption and usage of emerging financial technology can proved to be a key instrument in the development and maintenance of an efficient, fair and transparent ecosystem.

Important takeaways for all competitive exams:

  • Chairman of SEBI: Ajay Tyagi; Headquarter: Mumbai.

Find More Business News Here

Recent Posts

Which is the Most Colourful Lake in the World?

Most lakes in the world are blue or green, which looks calm and peaceful. But…

2 hours ago

Heinrich Klaasen Announces Retirement from International Cricket

South African wicketkeeper-batter Heinrich Klaasen has announced his retirement from international cricket, ending a notable…

3 hours ago

Glenn Maxwell Bids Farewell to ODI Cricket After 13-Year Career

Australian cricketing icon Glenn Maxwell has announced his retirement from One Day International (ODI) cricket,…

3 hours ago

Top-10 Strange Fruits in the World, Know About Them

Fruits come in many shapes, sizes and colors. While we all know common fruits like…

4 hours ago

Global Day of Parents 2025: Honoring the Pillars of Human Development

Every year on June 1, the world observes Global Day of Parents, a United Nations-designated…

4 hours ago

New Book Revisits Indira Gandhi Era Ahead of Emergency’s 50th Anniversary

As the 50th anniversary of the Emergency approaches, a new book by TCA Srinivasa Raghavan…

4 hours ago