Final notification of the Insurance Regulatory and Development Authority of India (Regulatory Sandbox) (Amendment) Regulations, 2021 -IRDAI

  • 12th, April 2021
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Final notification of the Insurance Regulatory and Development Authority of India (Regulatory Sandbox) (Amendment) Regulations, 2021 -IRDAI

  • This notification has come into effect from 09.04.2021
  • The objective of these Regulations is to amend the Insurance Regulatory and Development Authority of India (Regulatory Sandbox) Regulations, 2019 to extend its validity for a period of 2 years. This is with a view to enabling the completion of experiment of the existing sandbox proposals and also to allow new sandbox proposals for experiment.
  • In Sub Regulation (3) of Regulation 1, for the words “2 years”, the words “4 years” shall be substituted.
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