How regulations can accelerate the evolution of Africa's financial technology
Introduction | Business Insider Africa
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IRDAI proposes extension of regulatory sandbox guidelines by 2 years
Insurance regulator IRDAI on Tuesday proposed to extend the validity of regulatory sandbox guidelines by two years as the proposals received under it require more time for completion. To give a fillip to insurance penetration and facilitate innovations in the sector, especially those triggered by technology, the regulator had notified the IRDAI (Regulatory Sandbox) Regulations, 2019 on July 26, 2019. The regulations are scheduled to expire on July 25, 2021. The Insurance Regulatory and Development Authority (IRDAI) invited applications for the first cohort of the regulatory sandbox from Se...
Source: business-standard.com