Section 18K: Issue of Regulatory Sandbox licence
This section is inserted by Act No 18 of 2016, section 29.
consolidated text (as at 2017). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
18K. Issue of Regulatory Sandbox licence
(1) Where an application is approved, the Managing
Director shall issue a Regulatory Sandbox licence which shall be
subject to such terms and conditions as the Board may determine.
Acts 2016 249
(2) Where a Regulatory Sandbox licence has been
issued in respect of a business activity and that business activity
is subsequently regulated or better regulated under a subsequent
enactment, the Regulatory Sandbox licence shall be governed by
that enactment.
Ask juris about this section Official source
Questions this section answers
- What happens to my Regulatory Sandbox licence if a new law later regulates my business activity?