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Covid impact: Irdai recommends extension of 2 yrs for validity of sandbox regulations

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Irdai) on Tuesday recommended extending the period of validity of its sandbox regulations by two years as the regulator observed that experiments for such products could not be completed due to covid-19.The validity of the Regulatory Sandbox Regulations, 2019, which was for two years, expires on 25 July 2021.“It's a welcome move by the regulator, as it will help companies come up with more interesting and useful products.

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