IFSCA Introduces Framework for Regulatory Sandbox

On 19th October, 2020, the International Financial Services Centres Authority (IFSCA) introduced a framework for regulatory sandbox to tap into innovative financial technology (fintech) solutions.

Key Highlights

  • The Regulatory Sandbox shall operate within the IFSC located at GIFT City.
  • Under this sandbox framework, entities operating in the capital market, banking, insurance and financial services space shall be granted certain facilities and flexibilities to experiment with innovative fintechsolutions in a live environment with a limited set of real customers for a limited timeframe.
  • All entities (regulated as well as unregulated) operating in the capital market, banking, insurance and pension sectors as well as ....
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