Sebi approves regulatory sandbox framework for stock market ecosystem

The Securities and Exchange Board of India (Sebi) on Friday approved the regulatory sandbox framework for the stock market ecosystem. 

The term is used for live testing new financial technology (fintech) solutions on customers, without having to be fully licensed, but under strict regulatory supervision.

Sebi’s new framework allows live testing on a small set of customers for a limited period of time.  “Entities regulated by Sebi shall be granted certain facilities and flexibilities to experiment with fintech solutions in a live environment and on limited set of real customers for a limited time frame. These features shall be fortified with necessary