Exemption from enforcement of the regulations in special cases.

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..... The Board may exempt any person or class of persons from the operation of all or any of the provisions of these regulations for a period as may be specified but not exceeding twelve months, for furthering innovation relating to testing new products, processes, services, business models, etc., in live environment of regulatory sandbox in the securities markets. (2) Any exemption granted by the Boar .....

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