Regulatory sandbox definition

Regulatory sandbox means the program established by this

Regulatory sandbox means a controlled testing environment which allows a financial institution, a licensee under the National Payment Systems Act or a body corporate authorised by the central bank under section 11C to conduct experiments under the supervision of the central bank;

Regulatory sandbox means the Regulatory Sandbox Program created by Section

Examples of Regulatory sandbox in a sentence

• Financial Control Authority, Regulatory sandbox lessons learned report, October 2017, pp.

• A Regulatory sandbox is a safe place where businesses can test innovative products without immediately incurring the normal regulatory consequences.

• Regulatory sandbox authorisation (1) A financial institution, a licensee under the National Payment Systems Act or a body corporate may apply to the central bank for a regulatory sandbox authorisation in such form and manner, and shall be accompanied by such documents, as the central bank may determine.

• In situations where screening is required, supplier support is expected within 24 hours.

• Regulatory sandbox participants and the innovative products and services that they are testing in the regulatory sandbox program are subject to all applicable consumer protection laws, including, but not limited to those contained in chapter 46A of this code, the Collection Agency Act contained in chapter 47A of this code, and any limitations on interest rates, whether or not those interest rates would otherwise require licensure.

More Definitions of Regulatory sandbox

Regulatory sandbox means a framework for experimenting and developing an innovation in a controlled environment to support provision of services related to capital market.

Regulatory sandbox means the Regulatory Sandbox Program created by Section 13-55-103, which allows a person to temporarily test an innovative product or service on a limited basis without otherwise being licensed or authorized to act under the laws of the state.

Regulatory sandbox means the General Regulatory Sandbox Program created in Section 63N-16-201, which allows a person to temporarily demonstrate an offering under a waiver or suspension of one or more state laws or regulations.

Regulatory sandbox means the General Regulatory Sandbox Program

Regulatory sandbox means the permission to conduct innovations within the time allotted with such exemptions or modifications from any law, along with conditions as may be prescribed under this Act, under which any participant may conduct innovations and offer goods or services to the public;

Regulatory sandbox means a controlled testing environment which allows a licensee or a body corporate authorised under section 14B to conduct experiments, whether simulated or live, under the supervision of the Commission;

Regulatory sandbox means the process established under this article by which an applicant may apply to beta test and obtain a limited no-action letter for an innovation, potentially resulting in the issuance of an extended no-action letter.