(1) The following shall be the Ex-officio members of the Authority, namely: –
(a) The Development Commissioner, Government of Karnataka Ex-officio member
(b) The Additional Chief Secretary or Principal Secretary, Department of Finance, Government of Karnataka or his nominee not below the rank of Deputy Secretary to Government Ex-officio member
(c) The Additional Chief Secretary or Principal Secretary, Department of Industries and Commerce, Government of Karnataka or his nominee not below the rank of Deputy Secretary to Government Ex-officio member
(d) The Additional Chief Secretary or Principal Secretary, Department of Urban Development, Government of Karnataka or his nominee not below the rank of Deputy Secretary to Government Ex-officio member
(e) The Principal Secretary or Secretary, Department of Law, Government of Karnatakaor his nominee not below the rank of Deputy Secretary to Government Ex-officio member
(2) The Chairman of the Authority may invite any Additional Chief Secretary or Principal Secretary or Secretary to Government in-charge of the department concerned, taking into account the nature of the applications received, as a special invitee to the meetings, as required.
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4. Application for establishing a Regulatory Sandbox.
(1) An applicant seeking the establishment of a regulatory sandbox shall tender an application to the Authority in Form–A.
(2) The applicant shall, along with the application, tender a processing fee of an amount provided in Annexure-I payable through electronic transfer.
(3) Where the Authority is of the view that an application is incomplete in any of the material particulars required, it shall return the same to the Applicant with a written communication indicating the deficiencies in the application.
(4) Any application that has been submitted after being returned in accordance with sub-rule (3), shall be accompanied by a covering letter from the applicant indicating how the deficiencies identified have been rectified.
(5) Upon receipt of an application that is complete in all respects, the Authority shall cause the same to be displayed on its website with all the necessary annexures, with a link prominently displayed on the website.
(6) Notwithstanding anything contained in sub-rule (5), the Authority may, at the request of the applicant, retract any private or confidential information as defined under section 23 of the Act that is not required for the purposes of public scrutiny of the application.
5. Public Consultation for establishment of Regulatory Sandbox.
(1)On accepting an application for establishing a Regulatory Sandbox, the Authority shall, within a period of fourteen days of the date of receipt, notify the general public with the details of the Regulatory Sandbox applied for being set up and the proposed Sandbox Operator, seeking public comments.
(2) The period of public consultation shall be thirty calendar days from the date of notice.
(3) The notice shall be deemed to be issued to the public, if such notice is placed on the website of the Authority and is published in more than two the 5 English and Kannada daily newspapers having the wide circulation in the State of Karnataka.
(4) Within the expiry of thirty days of the issue of notice under sub-rule (1), the Authority shall conduct the public consultation process in the following manner, namely:-
(a) On the day of the publication of the notice under sub-rule (1), the Authority shall publish background information in an easy and accessible manner on the Authority’s website, describing the problem being addressed, covering the operational and technical aspects of the proposed Regulatory Sandbox, impact assessment and other relevant information.
(b) The notice issued under sub-rule (1) shall invite comments from the public through the following channels, namely:-
(i) The link provided in the announcement inviting for public consultation;
(ii) Written submissions to the Member-Secretary of the Authority to receive comments whose contact details must be provided in the public notice; and
(iii) Any other communication channel as the Authority may specify.
(c) The Authority may invite relevant stakeholders and hold public hearings, open to the general public, with adequate notice and publicity for the invitee, mentioning the location and time of the hearing, but not earlier than fifteen days from the date of the issue of the notice.
(d) Upon taking the decision regarding the establishment of the Regulatory Sandbox, the Authority shall publish on its website the public comments received in response to the notice under sub-rule (1), either in original text as received or by preparing a public comments report with a summary of the major comments, and its responses to them, along with the announcement of its decision.
(e) On the date of the publication of the decision regarding the establishment of the Regulatory Sandbox, the Authority shall, along 6 with publishing the public comments as per these rules, publish the names and personal information of the parties who took part in the public consultation:
Provided that, where a party requests the Authority not to publish such information, the Authority shall not disclose the same under sub-rule
(e).
(5) In case the Authority determines that it is not feasible or desirable to establish a Regulatory Sandbox under section 10, the Authority shall publish on its website the order in writing, providing reasons for the same.