Section 18K: Issue of Regulatory Sandbox licence
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.
(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.
[S. 18K inserted by s. 29 (e) of Act 18 of 2016 w.e.f. 20 October 2016.]
I22 – 14 (1) [Issue 9]
Investment Promotion Act