 "sebi")
With an aim to facilitate use of latest fintech innovations in capital markets, Sebi on Monday decided to allow live testing of new products, services and business models by market players on select customers.
Initially, all Sebi-registered entities will be eligible to participate in such a 'regulatory sandbox', a live testing environment where new products processes, services and business models can be deployed on a limited set of eligible customers for a specified period of time with certain relaxations in rules and guidelines, the regulator said.
At a meeting here, Sebi's board also decided to allow a cross domain approach for this
