Regulatory sandbox lessons learned report

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A report by the UK Financial Conduct Authority (FCA) which reflects on insights and lessons learned from the ongoing operation of its regulatory sandbox and testing conducted in its cohorts. An excerpt follows:

The sandbox is an experiment for us as well as for the firms testing in the sandbox. It is the first time we have allowed firms to test in this way, and as such at the start of the sandbox we undertook to publish lessons learned from its early stages of operation. In our Mission document published earlier this year, we also emphasised the importance we place on evaluating the success of our interventions. This report reflects on how the sandbox has met its objectives over the first year of operation. It will:

  • further explain how the sandbox operates
  • discuss the impact on the market and our insights from testing over the first year of the sandbox
  • explain limitations firms have faced when testing in the sandbox

Contents / Sections

  1. Introduction
  2. Overview of year one
  3. Overview of participants
  4. Impact on the market
  5. limitations of testing
  6. Next steps

 

 

Document Details

Document Type: 
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Year of Document: 
2017
Date of Document: 
Sunday, October 1, 2017
Language (This Document): 
English

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