The Securities and Exchange Board of India vide its notification dated 2nd February 2021 has revised the graded entry norms for innovation sandbox, to promote innovation in new products and services.
Innovation Sandbox facilitates access to an environment provided by Enabling Organizations like Stock Exchanges, Depositories and Qualified Registrar and Share Transfer Agents, wherein innovators would be testing their innovations in isolation from the live market and would be used for offline testing of the proposed solution of the applicant.
The revised objective of innovative sandbox is to promote innovation both in terms of new products and services as well as new ways of delivering existing products and services so as to Create new opportunities in the securities market and to make existing services more efficient / investor friendly/ inclusive.
