SEBI Releases Framework for Innovation Sandbox

Securities and Exchange Board of India (SEBI) had earlier issued a framework for Innovation Sandbox (circular issued on 20^th May, 2019) with the intent to promote innovation in the securities market,

To make it more convenient for participation in the Innovation Sandbox, revised graded entry norms have been designed with the objective of promoting innovation both in terms of new products and services as well as new ways of delivering existing products and services.

With a view to create new opportunities in the securities market and to make existing services more efficient / investor friendly/inclusive, this would be achieved by giving access to both test data and test environment to Financial Institutions, Fin Tech firms, startups and entities not regulated by SEBI including individuals.