top of page

Revision in entry norms for innovation sandbox by SEBI

  • Writer: Royzz & Co
    Royzz & Co
  • Feb 21, 2021
  • 1 min read

The Securities and Exchange Board of India (SEBI) has revised the objectivity and eligibility criteria for its innovation sandbox. Innovation sandbox facilitates access to an environment (testing facilities and test data) provided by enabling organisations like stock exchanges, depositories and qualified registrar and share transfer agents (QRTAs), wherein innovators (sandbox applicants) would test their innovations in isolation from the live market. To promote participation, access would be given to both test data and test environment to financial institutions, financial technology firms, startups and entities not regulated by SEBI, including individuals.


Further, a steering committee comprising representatives from Sebi and the enabling organisations has been formed to drive the innovation sandbox, and which will supervise the operations of the sandbox. It will process the applications submitted by sandbox applicants and approve or reject applications and assign lead enabling organisations. The lead enabling organisations would be responsible for onboarding the applicant postapproval of the application and monitoring the applicant throughout the lifecycle of the sandboxing.

Recent Posts

See All
Finfluencers catch the eye of SEBI

(The Securities and Exchange Board of India (SEBI) has issued a circular providing details and clarifications on the association of...

 
 
 

Comments


Mumbai

A-101/102, Floral Deck Plaza,

Off Midc Central Road,
Andheri East,

Mumbai - 400093

Email : info@royzz.com

Phone No: +91 8928274062

 

New Delhi Office: 

Chamber No. 515, D- Block, Additional Building Complex, Supreme Court,

New Delhi - 110001 

 

Chennai Office

Dhwarco Ministar Business Cente

Plot  12C 1, 5th Cross St. South Phase, Thiru Vi Ka Industrial Estate, Gundy, Chennai - 600032  

 

Ahmedabad Office

-c/o Incuspace, 'C' Wing,

4th Floor,  Krish Cubical,

Off SB Road, Thaltej,
Ahmedabad, Gujarat

  • White Facebook Icon
  • White LinkedIn Icon
  • White Instagram Icon

© 2025. ROYZZ & CO

bottom of page