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CS Professional · IFSCA - Regulations, Listing and Compliances · Overview of FinTech and Service Providers in IFSC

Zenpay Technologies, a start-up with a payments app, wants to test an innovative product on a limited number of live customers in GIFT IFSC for a limited period under relaxed regulatory requirements before deciding on a full launch. Which IFSCA facility is designed for this purpose?

The Regulatory Sandbox is the correct facility. It allows a FinTech entity to test an innovative product on a limited number of live customers for a limited period with regulatory relaxations, before deciding whether to launch fully in the IFSC.

  1. ARegulatory SandboxCorrect
  2. BForeign Portfolio Investor registration
  3. CBook-building process
  4. DUnit-linked insurance window

Explanation

The IFSCA Regulatory Sandbox lets FinTech entities test innovative products or services on a limited scale with live customers for a limited time under regulatory relaxations. The other options relate to investment registration, public issues or insurance and do not provide a testing environment.

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