Section 18H: Application for Regulatory Sandbox licence

18H. Application for Regulatory Sandbox licence (1) Where a person intends to conduct a business activity for which there are no, or no adequate, provisions under any enactment, that person may apply for a Regulatory Sandbox licence in accordance with this Part. (2) An application under subsection (1) shall be made to the Managing Director electronically in such form and manner as he may determine and shall be accompanied by – (a) a business plan or feasibility study outlining the proposed business activity; (b) particulars of promoters, beneficial owners and proposed directors; and (c) s uch other information, particulars or documents as may be specified in guidelines issued by the Managing Director.