The Securities and Exchange Board of India (SEBI) on November 16, 2021 has modified the revised framework for regulatory sandbox provided the updated guidelines pertaining to the functioning of the Regulatory Sandbox at Annexure A-Standard Operating Procedure issued under vide circular no- SEBI/HO/ITD/ITD/CIR/P/2021/575 dated June 14, 2021.
In Annexure A, Para 6 which specifies “Application and Approval Process” under the mentioned circular has been modified namely: -
“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 [email protected].
The circular is issued to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.
[Circular No- SEBI/HO/MIRSD/MIRSD_IT/P/CIR/2021/0000000658]
