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
Regulation Number 19/14/PADG/2017 on Regulatory Sandbox for Financial Technology

The regulatory sandbox framework issued by the OJK to regulate Digital Financial Innovation (Inovasi Keuangan Digital – IKD) operators

Indonesia

Regulation

2018

In Force

Keywords: Regulatory Sandbox, FinTech Sandbox, FinTech
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.

Poland

2018

In Force

Keywords: Regulatory Sandbox, FinTech, FinTech Sandbox
Consultation Paper on Sandbox Express

The Monetary Authority of Singapore (“MAS”) has issued a consultation paper seeking feedback on the creation of it's 'express sandbox' to expedite the process of approvals of financial technology (FInTech) innovations to enter the MAS regulatory sandbox. Primary evaluation criteria assessed for that which is eligible (generally lower risk applications) include the level of technical innovation of the invention and the fitness and suitability of the key stakeholders of the applicant.

Singapore

Consultation

2018

Comment Period Open

Keywords: Regulatory Sandbox
Rules governing the ‘Regulatory Sandbox at the Polish Financial Supervision Authority’ programme

This document provides the rules for the KNF Regulatory Sandbox and also the determination of what is and who may apply and be accepted as a "Testing Entity" in the Sandbox.

Poland

Regulation

2018

In Force

Keywords: Regulatory Sandbox, FinTech Sandbox, FinTech
Consultation Paper: Crypto-Asset Platform Operators (Module CPO)

Draft rules on Crypto-asset Platform Operators (“CPO”) - a regulatory framework for the licensing and supervision of crypto-asset services within or from the Kingdom of Bahrain.

Bahrain

Rule

2018

Comment Period Open

Keywords: Regulatory Sandbox, Crypto Asset

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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