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CS Professional · IFSCA - Regulations, Listing and Compliances · Banking Services and Finance Companies in IFSC

Kavya Labs wants to test a new digital lending app in GIFT IFSC on a limited set of live customers for a limited period, under relaxed regulatory requirements and with IFSCA oversight. Which IFSCA facility is designed for this purpose?

The Regulatory Sandbox is the right facility. It lets fintech firms test innovative products or services on a limited customer base for a limited time under IFSCA supervision with regulatory relaxations, before seeking a full authorisation. The other options are unrelated frameworks.

  1. ARegulatory SandboxCorrect
  2. BVoluntary liquidation scheme
  3. CBullion depository framework
  4. DFast track merger route

Explanation

The IFSCA Regulatory Sandbox lets innovators test fintech products with a limited set of customers for a limited time in a controlled environment, with relaxations from certain regulatory requirements. The other options relate to unrelated frameworks.

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