Power to relax strict enforcement of the regulations

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..... of these regulations, if the Board is satisfied that: (a) requirement is procedural or technical in nature; or (b) requirement causes undue hardship to a particular class of industry or a particular issuer or a class of issuers from accessing the securities market; or (c) relaxation is in the interest of substantial number of investors; or (d) such relaxation will be in the interest of sec .....

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..... environment of regulatory sandbox in the securities markets. (5) Any exemption granted by the Board under sub-regulation (4) shall be subject to the applicant satisfying such conditions as may be specified by the Board including conditions to be complied with on a continuous basis. Explanation: For the purposes of these regulations, "regulatory sandbox" means a live testing environment .....

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