IFSCA issues framework for regulatory Sandbox

The International Financial Services Centres Authority has introduced a framework for regulatory sandbox. Under this new framework, entities operating in the capital market, banking, insurance and financial services space shall be granted certain facilities and flexibility to experiment with innovative financial technology (fintech) solutions in a live environment with a limited set of real customers for a limited timeframe.The International Financial Services Centres Authority has introduced a framework for regulatory sandbox. Under this new framework, entities operating in the capital market, banking, insurance and financial services space shall be granted certain facilities and flexibility to experiment with innovative financial technology (fintech) solutions in a live environment with a limited set of real customers for a limited timeframe.taxmann.com Latest Statutory HappeningsRead More

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