CS Professional · IFSCA - Regulations, Listing and Compliances · Overview of FinTech and Service Providers in IFSC
Nexa Pay Labs, a start-up based in Bengaluru, wants to test a new cross-border payments app on a limited set of customers in GIFT IFSC under relaxed regulatory requirements for a fixed period before deciding on a full launch. Which IFSCA facility is designed for this purpose?
The Regulatory Sandbox is the correct facility. It allows innovators to test new financial products or services on a limited set of customers for a limited period under relaxed requirements and safeguards, before deciding on a full-scale launch in the IFSC. The other options concern securities issuance or listing.
- ARegulatory SandboxCorrect
- BAnchor investor window
- CBook-building mechanism
- DMandatory delisting framework
Explanation
IFSCA's Regulatory Sandbox lets FinTech and similar entities test innovative products on a limited scale, for a limited time, with specified relaxations and safeguards. Anchor investor windows, book-building and delisting relate to securities issuance and listing, not to live testing of innovations.
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