Section 12: Power of the Authority to grant relaxation from the provisions of any Regulations to an applicant in the Regulatory Sandbox

Insurance Regulatory and Development Authority of India (Regulatory Sandbox) Regulations, 2019Central Regulations · 1938

(1) The Chairperson of the Authority may relax for the applicant the applicability of one or more provisions of any Regulation(s) notified by the Authority or any guidelines or circulars issued by the Authority, subject to the conditions mentioned in Regulation 6 and any other conditions as deemed necessary.

However, no relaxation shall be offered in respect of compliance with the Insurance Act, 1938 or IRDA Act, 1999 or any other applicable statutes.

7[****]

Where this provision sits

Act	Insurance Regulatory and Development Authority of India (Regulatory Sandbox) Regulations, 2019
Section	12
Marginal note	Power of the Authority to grant relaxation from the provisions of any Regulations to an applicant in the Regulatory Sandbox
Jurisdiction	Central
Status	In force as published by the source

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