Rules for selection of Sandbox Operators and for cooperation with the Polish Financial Supervision Authority under the ‘UKNF Regulatory Sandbox’ programme

Rules and requirements to assess candidates to become "Sandbox Operators" under the Poland KNF Regulatory Sandbox program. The Poland KNF Regulatory Sandbox operates under a decentralized model where approved entities - Sandbox Operators - provide testing environments (for one year periods and selected annually during a two week process) to an approved "Testing Entity", both of which must comply with the Rules Governing the KNF Regulatory Sandbox. An excerpt appears as follows:

These Rules provide for the assessment of candidates for Sandbox Operators under the ‘UKNF Regulatory Sandbox’ programme (hereinafter: (‘Sandbox’) and for cooperation between the Sandbox Operator and the Polish Financial Supervision Authority (hereinafter: ‘UKNF’) in that respect.

The role of a Sandbox Operator may be assigned to an entity which meets the requirements laid down in these Rules (hereinafter: ‘Rules’). The Sandbox Operator may also engage in other activities if such activities are not contrary to the goals or objectives of the Sandbox, in particular the activities in the area of start-up incubators and accelerators.

Cooperation with the Sandbox Operator shall rely on the UKNF patronage of the Sandbox and the substantive support provided by the UKNF to the Sandbox Operator and to the Testing Entity.

The UKNF shall enter into an agreement for patronage of the Sandbox to be operated by the Sandbox Operator with the entities selected by the UKNF which, in the opinion of the UKNF, meet the UKNF requirements for obtaining patronage.

These Rules shall apply as of 25 October 2018.

Document Details

Document Topic: 
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Year of Document: 
2018
Date of Document: 
Thursday, October 25, 2018
Document Authors: 
Komisja Nadzoru Finansowego (KNF) Authority (Financial Supervision)

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