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