The Securities and Exchange Board of India (Regulatory Sandbox) (Amendment) Regulations, 2021

The Securities and Exchange Board of India vide notification dated 3rd August, 2021 has issued the Securities and Exchange Board of India (Regulatory Sandbox) (Amendment) Regulations, 2021. The amendment has removed the provision empowering the Board to exempt any person or class of persons from the operation of all or any of the provisions of the SEBI regulations for a period as may be specified but not exceeding twelve months, for furthering innovation in technological aspects, from following regulations:

1. Securities and Exchange Board of India (Stock Brokers) Regulations, 1992.
2. Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992.
3. Securities and Exchange Board of India (Debenture Trustees) Regulations, 1993,
4. Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations,
   1993,
5. Securities and Exchange Board of India (Bankers to an Issue) Regulations, 1994,
6. Securities and Exchange Board of India (Mutual Funds) Regulations, 1996,
7. Securities and Exchange Board of India (Custodian) Regulations, 1996,
8. Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999,
9. Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999,
10. Securities and Exchange Board of India (Foreign Venture Capital Investors) Regulations, 2000,
11. Securities and Exchange Board of India (Issue of Sweat Equity) Regulations, 2002,
12. Securities and Exchange Board of India (Issue and Listing of Securitised Debt Instruments and Security Receipts)
    Regulations, 2008,
13. Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008,
14. Securities and Exchange Board of India (Intermediaries) Regulations, 2008,
15. Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011,
16. Securities and Exchange Board of India {KYC (Know Your Client) Registration Agency} Regulations, 2011,
17. Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012,
18. Securities and Exchange Board of India (Issue and Listing of Non-Convertible Redeemable Preference Shares) Regulations, 2013,
19. Securities and Exchange Board of India (Investment Advisers) Regulations, 2013,
20. Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014,
21. Securities and Exchange Board of India (Research Analysts) Regulations, 2014,
22. Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014,
23. Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014,
24. Securities and Exchange Board of India (Issue and Listing of Municipal Debt Securities) Regulations, 2015,
25. Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015,
26. Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018,
27. Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018,
28. Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018,
29. Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018,
30. Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019,
31. Securities and Exchange Board of India Portfolio Managers) Regulations, 2020 and
32. Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021.