Comments and suggestions invited on draft IRDAI (Regulatory Sandbox) (Amendment) Regulations, 2021; proposes to extend the validity of Regulatory Sandbox Regulations by a period of 2 years; comments to be submitted by 27.01.2021

The Insurance Regulatory and Development Authority of India (“IRDAI”) has proposed to extend the validity of the IRDAI (Regulatory Sandbox) Regulations, 2019 (“Regulations”) by a period of 2 years.

 

In consonance with the above-mentioned, IRDAI has published a draft version of IRDAI (Regulatory Sandbox) (Amendment) Regulations, 2021 (“Draft Regulations”).

 

The Draft Regulations propose to extend the validity of the regulatory sandbox till 26th July, 2023, in order to enable the completion of experiment of the existing sandbox proposals and also to allow new sandbox proposals for experiment.

 

Comments and suggestions have been invited on the Draft Regulations. Comments/ suggestions may be sent in the attached format to randip@irdai.gov.in and sanjay@irdai.gov.in on or before 27th January, 2021.

 

Source: Insurance Regulatory and Development Authority of India

Share this:

Sign up for our

Newsletter

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Lexplosion will use the information you provide on this form to be in touch with you and to provide updates and marketing.