Draft IRDAI (Regulatory Sandbox) (Amendment) Regulations, 2021

Jan 13, 2021 | by Avantis RegTech Legal Research Team

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Industry Specific Compliance

The Insurance Regulatory and Development Authority of India (IRDAI) on January 12, 2021 has issued Draft IRDAI (Regulatory Sandbox) (Amendment) Regulations, 2021 to further amend the Insurance Regulatory and Development Authority of India (Regulatory Sandbox) Regulations, 2019. 

The following amendments have been made: 

• Regulation 1 (3), which specifies the validity of the Regulations, has been substituted, namely: 

“These Regulations shall remain in force for a period of 4 years from the date of publication in the Official Gazette.”

The draft regulations are placed for comments, which may be sent in the attached format on or before January 27, 2021 to the undersigned at [email protected] and [email protected]

[Notification No. IRDAI/Reg/2021]

 


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