In practice, this means that the regime imposes various formal and informal mechanisms of filtering oppositional candidates to lower the political uncertainty starting from “municipal filters” (when the candidates should collect thousands of signatures of voters to prove their eligibility), to ...
“prudential and financial condition/stability matters” like capital, liquidity, investment, solvency, reserving or anything else that the regulator specifies later. The IRDAI will lay down the eligibility criteria for proposals, alongside the parameters of the sandbox and the liabilities and...