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    Question

    The total duration of the sandbox testing shall be

    _________ and extendable upon request of the applicant duly approved by SEBI
    A A maximum of twelve days Correct Answer Incorrect Answer
    B A maximum of three months Correct Answer Incorrect Answer
    C A maximum of six months Correct Answer Incorrect Answer
    D A maximum of twelve months Correct Answer Incorrect Answer
    E A minimum of twelve months Correct Answer Incorrect Answer

    Solution

    Securities and Exchange Board of India (Depositories and Participants) Regulation, 2018: Exemption from enforcement of the regulations in special cases: Reg. 93A. (1) The Board may, exempt any person or class of persons from the operation of all or any of the provisions of these regulations for a period as may be specified but not exceeding twelve months, for furthering innovation relating to testing new products, processes, services, business models, etc. in live environment of regulatory sandbox in the securities markets.

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