SEBI Framework for Regulatory Sandbox

Last updated: 18 November 2021

Save Share

Quick Summary

The Securities and Exchange Board of India (SEBI) has issued a circular modifying the application and approval process for its Regulatory Sandbox. Applicants must ensure they meet the specified eligibility criteria before submitting their application. The application form needs to be signed by the Chief Executive Officer (CEO) or a duly authorised officer, or the compliance officer. Applications can be submitted physically to SEBI Bhavan II in Mumbai or via email to regulatorysandbox@sebi.gov.in.

CIRCULAR

SEBI/HO/MIRSD/MIRSD_IT/P/CIR/2021/0000000658

November 16, 2021

All Recognized Stock Exchanges, Clearing Corporations and Depositories

All Intermediaries

Sir / Madam,

Framework for Regulatory Sandbox

1. SEBI vide circular no. SEBI/HO/ITD/ITD/CIR/P/2021/575 dated June 14, 2021 on Revised Framework for Regulatory Sandbox provided the updated guidelines pertaining to the functioning of the Regulatory Sandbox at Annexure A-Standard Operating Procedure – Regulatory Sandbox.

2. Para 6 of Annexure A to the aforementioned circular dated June 14, 2021 is modified as under:

APPLICATION AND APPROVAL PROCESS:

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

3. 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.

This circular is available on SEBI website at www.sebi.gov.in.

Yours faithfully,

Anupma Chadha
Deputy General Manager
Tel.No.022-2644 9319 / 4045 1319
Email id: anupmac@sebi.gov.in

FAQ :

This circular modifies the application and approval process for SEBI's Regulatory Sandbox.

The application form must be signed by the Chief Executive Officer (CEO) of the applicant, or an officer duly authorised by the CEO, or the compliance officer.

Applications can be submitted physically to the Market Intermediaries Regulation and Supervision Department -2 at SEBI Bhavan II, BKC, Mumbai, or by email to regulatorysandbox@sebi.gov.in.

Applicants must ensure that they satisfy the specified eligibility criteria before submitting their application.

The framework for the Regulatory Sandbox is available on the SEBI website at www.sebi.gov.in.

Notification No : SEBI/HO/MIRSD/MIRSD_IT/P/CIR/2021/0000000658
Source : https://www.sebi.gov.in/legal/circulars/nov-2021/framework-for-regulatory-sandbox_53982.html

201 Views Comment Share Investments & Personal Finance Report

Notification posted by

CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

Comments