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RBI tweaks norms related to Regulatory Sandbox scheme

Reserve Bank of India revised the guidelines for the Regulatory Sandbox (RS) scheme, requiring participating entities to adhere to digital personal data protection standards. The Regulatory Sandbox typically involves the live testing of novel products or services within a controlled regulatory environment, wherein regulators may grant specific relaxations for the sole purpose of testing, subject to certain conditions.
Liability Partnership Bank On Reserve Bank Regulatory Sandbox Enabling Framework Regulatory Sandbox

1st Reading Of The Education & Training Bill (No.3) Signals An Historic Shift Between The Crown & The Wānanga Sector

Joint PR from Te Wānanga o Raukawa, Te Whare Wānanga o Awanuiārangi and Te Wānanga o Aotearoa The first reading of the Education and Training Bill (No.3) in the House of Representatives today signals an historic shift in the relationship between the ...
New Zealand General New Zealand Wanangao Raukawa Tiritio Waitangi Order In Council Reading Of The Education

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Fintech Newsletter: Recent Legal Developments And Market Updates In India - Technology

RBI") regulatory sandbox (" RS") announced last year, has started with two entities having initiated product testing from November 16, 2020, and with four more entities having started their test phase in December, 2020. The products in the first cohort include: (i) eRupaya?, a set of near-field communication- (" NFC") based prepaid cards and point-of-sale (" POS") devices to facilitate offline person-tomerchant (" P2M") transactions and offline digital products in remote locations; (ii) PaySe?,...
Asset Management Company Monetary Statement On Development Exchange Board Of India Bank Innovation Hub India First Time Unified Payments
Source: mondaq.com

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