Regulatory Sandbox

Cracking the whip: Stricter rules against suspicious trading on cards

Entities making abnormal gains will have a lot of explaining to do before the market regulator

TMS Ep298: Regulate 'finfluencers', EWS quota, Markets, Regulatory sandbox

Is it time to regulate financial influencers? What does the EWS quota verdict mean for India? Is the tide turning for PSU banks? What is a regulatory sandbox? All answers here

What is a regulatory sandbox?

Regulators SEwhat BI, RBI, IRDAI, IFSCA and PFRDA recently came together to allow an interoperable regulatory sandbox. But, what exactly is a regulatory sandbox? We explains it in this episode

Two years on, Sebi's sandbox initiative yet to find its feet

Most applications have either been withdrawn or stand rejected

Inter-regulatory push for the sandbox initiative: Check details here

The Fintech department of the RBI will act as a nodal point for receiving applications under this initiative

Sebi issues std operating procedure for inter-operable regulatory sandbox

Sebi on Wednesday came out with a standard operating procedure for inter-operable regulatory sandbox in a bid to facilitate testing of innovative products falling within the regulatory ambit of more than one financial sector regulators. Financial products or service providers whose business models fall within the remit of more than one financial sector regulator such as Reserve Bank of India (RBI), Sebi, IRDAI (Insurance Regulatory and Development Authority of India), PFRDA (Pension Fund Regulatory & Development Authority) and IFSCA (International Financial Services Centres Authority) will be considered for the testing under Inter-operable Regulatory Sandbox (IoRS). "To obviate the need of innovators, to engage with different regulators regarding their hybrid product, a common window has been made available," the Securities and Exchange Board of India (Sebi) said in a press release. IoRS has been prepared by the Inter-Regulatory Technical Group (IRTG) on FinTech. The group was ...

Irdai may extend testing period to 3 years under regulatory sandbox

Insurance Regulatory and Development Authority of India (Irdai) is mulling to extend testing of products under the regulatory sandbox mechanism to up to three years. The Irdai Chairman said all these initiatives will help in furthering the goal of insurance penetration and reaching out to more and more people. A sandbox is an environment used in the financial services sector, which provides testing ground for new business models, processes and applications that may not necessarily be covered fully by or are not fully compliant with existing regulations. "The insurtech ecosystem is raring to grow. At Irdai we have already developed something called the regulatory sandbox mechanism where the proof of a concept is actually being allowed to be tested on the ground. We are informed that the regulatory sandbox has some shortcomings," Debasish Panda, Chairperson, Irdai said during a talk session. As of now, the applicants under the regulatory sandbox mechanism can apply through ...

RBI's fourth regulatory sandbox cohort is on prevention of financial frauds

The RBI has also decided to facilitate on-tap applications for themes of cohorts earlier closed

6 entities complete test phase in 'First Cohort' under Regulatory Sandbox

The Reserve Bank on Monday said six entities have completed the test phase in the 'First Cohort' under the Regulatory Sandbox scheme with retail payments as theme

Markets regulator Sebi revises eligibility criteria for regulatory sandbox

The revision has been done in order to enhance the reach and achieve the desired aim, Sebi said in a circular

Irdai invites applications for innovative ideas under regulatory sandbox

Irdai said it has created a regulatory sandbox with the objective of using new and innovative ideas with a view to accelerate the growth of the sector

RBI to set up 'Innovation Hub' for financial inclusion, efficient banking

The Hub will act as a centre for ideation and incubation of new capabilities

IRDA gets close to 170 applications under sandbox, approvals by end of FY20

In May this year, the insurance regulator had come out with draft regulations for the creation of a regulatory sandbox in the insurance sector

Karnataka to set up regulatory sandbox for supporting tech innovation

State aims to treble the size of its tech industry to $150 billion in 5 years, plans to set up 'Technology Development Board' to support this

Regulatory sandbox: RBI seeks applications to test retail payment products

The RBI said the window for submission of applications will be be open from November 15 to December 15, 2019

Explained: Who will benefit from regulatory sandboxes in India?

The common objective of a regulatory sandbox is to promote competition and efficiencies through innovation

Explained: What a regulatory sandbox means for fintech companies

A fintech regulatory sandbox is particularly useful in India, given that fintech products could potentially face regulation from multiple regulators