(1) In the case of suo-moto establishment of a Regulatory Sandbox under section 11, the Authority shall notify the public of their order in writing proposing to establish a Regulatory Sandbox.
(2) Within the expiry of thirty days of the issue of notice under sub-section (2) of section 11, the Authority shall conduct the public consultation process in the following manner, namely –
(a) Publishing 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 Authority 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 designated officer authorised to receive comments whose contact details must be provided in the public notice; and
(iii) Any other communication channel as the Authority may specify.
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(c) In addition to the above, the Authority may invite relevant stakeholders and hold public hearings, open to the general public, with adequate notice and publicity for the invite, 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, 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 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 be required to disclose the same under subrule (e).
(3) In case the Authority decides that it is not feasible or desirable to establish a Regulatory Sandbox under section 11, the Authority shall publish on its website the order in writing, providing reasons for the same.