Regulatory Sandbox

This section covers Regulatory Sandboxes and their Sandbox Framework, Sandbox Guidelines and relevant information, including Financial, Insurance, Securities and other related Sandboxes. See also the current list of regulatory sandboxes

Legal Documents

Regulatory Sandbox regulations, frameworks, guidelines

Feedback Statement to the Consultation Document on Pillar 1 - Regulations

The MFSA received 18 responses from a wide range of industry participants and interested parties including regulated firms, associations, technology providers, law firms and consultancy firms with regard to its Consultation Document regarding Pillar 1 - Regulations.This Feedback Statement summarises the feedback the Authority received and sets out the MFSA's response and position thereto.

Malta

Statement

2020

In Force

Keywords: FinTech, FinTech Sandbox, Regulatory Framework, Regulatory Sandbox
Draft Enabling Framework for Regulatory Sandbox

The Reserve Bank of India (RBI) first draft of its "Enabling Framework for Regulatory Sandbox" available for public comment, to be submitted by May 08, 2019.

India

Regulation

2019

Draft Document

Keywords: Regulatory Sandbox, FinTech Sandbox, FinTech, Sandbox Framework
Pillar 1 - Regulations, MFSA FinTech Strategy, Consultation Document Ref: 10-2019

The Authority is thus publishing this Consultation Document proposing (i) the MFSA Regulatory Sandbox, which will encourage financial technology (‘FinTech’) innovation through its stated objectives and (ii) proposals in relation to Regulatory Technologies (‘RegTech’) and Supervisory Technologies (‘SupTech’). Additionally, a status update of the other strategic objectives presented under Pillar 1 of the FinTech Strategy is also provided.

Malta

Consultation

2019

In Force

Keywords: FinTech, FinTech Sandbox, Regulatory Framework, Regulatory Sandbox
MFSA FinTech Strategy harnessing innovation through technology

This Document presents the MFSA’s vision and strategy towards developing Malta into a global FinTech hub, taking into consideration the European Commission’s FinTech Action Plan which seeks to harness the opportunities presented by technological innovation, and the Commission’s efforts to build a true Digital Single Market.

Malta

Strategy

2019

In Force

Keywords: FinTech, FinTech Sandbox, Regulatory Framework, Regulatory Sandbox
Regulatory Sandbox Policy Guidance Note

This policy note provides a framework for a Regulatory Sandbox to allow for testing of innovative products, solutions and services that have the potential to deepen or broaden the Kenyan capital markets.

Kenya

Guidance

2019

In Force

Keywords: Regulatory Sandbox, FinTech, FinTech Sandbox
Law to Regulate Financial Technology Institituitons

Introduces FinTech law to regulate "Fintech Institutions" which include alternative financing and investment activities such as crowdfunding, management of e-money,electronic payments and exchange of virtual assets or cryptocurrency. Option to establish a regulatory sandbox.

Mexico

Law

2018

In Force

Keywords: Crypto Currency, Regulatory Sandbox, Digital / Virtual Asset, API, Roboadvisor
Guidance on the use of Innovative Technology Arrangements and the acceptance of Virtual Financial Assets and Virtual Tokens through the implementation of a Sandbox Environment

Regulatory sandbox framework issued by the Malta Gaming Authority or the acceptance of Virtual Financial Assets and Virtual Tokens and the use of Innovative Technology Arrangements (ITAs) within the gaming industry.

Malta

Guidance

2018

In Force

Keywords: Regulatory Sandbox, Digital / Virtual Asset, tokens, Blockchain, Distributed Ledger Technology (DLT)
Kuwait Regulatory Sandbox Framework

The Central Bank of Kuwait Regulatory Sandbox Framework document which encourages financial innovation built on or associated with electronic payment of funds.

Kuwait

Regulation

2018

In Force

Keywords: Regulatory Sandbox, FinTech, FinTech Sandbox, Payments
AIFC Fintech Regulatory Sandbox

The Astana Financial Services Authority (AFSA) Fintech Regulatory Sandbox (Guidance and Application Form) to conduct business in the AIFC (Astana International Financial Centre) and Kazakhstan.

Kazakhstan

Regulation

2018

In Force

Keywords: Regulatory Sandbox, FinTech, FinTech Sandbox
POJK 13/POJK.02/2018 Digital Financial Innovation in the Financial Services Sector

The Digital Financial Innovation in the Financial Services Sector regulation is an initiative to stimulate innovation in the digital financial services ecosystem such as through crowdfunding, settlements, investment management, insurance and other categories that fall under the purview of the regulator, the OJK, which covers registration of companies as digital financial innovation operators (inovasi keuangan digital or 'IKD') who become eligible to apply to the OJK regulatory sandbox.

Indonesia

2018

In Force

Keywords: Regulatory Sandbox, FinTech, FinTech Sandbox

more

Latest News

Financial technology sandbox bill introduced in State of Wyoming

Legislators in the US State of Wyoming introduced a bill entitled the "Financial Technology Sandbox Act" to stimulate blockchain and financial technology ("FinTech") innovation.

Kuwait Regulatory Sandbox Framework Released

The Central Bank of Kuwait released its FinTech Regulatory Sandbox Framework at the end of November, 2018.

South Korea Passes Act to Initiate Blockchain Regulatory Sandbox

The South Korea Financial Supervisory Service (FSS), an agency setting financial policy and regulatory supervision, has passed the "Special Act on Financial Innovation Support" covering innovative financial services.

Kenya Capital Markets Authority Releases Draft Regulatory Sandbox Guidance Note

The Kenya Capital Markets Authority (CMA) released its draft Regulatory Sandbox Guidance Note which provides a comprehensive framework and application for innovative products and services for release in Kenya.

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Regulatory Sandbox

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