The Financial Conduct Authority, FCA, has published a first brief digital sandbox explainer video to aid firms in their decision to participate in a sandbox and in their way along. Specifically, the video describes
– the scope of the sandbox;
– who the sandbox is for;
– what support firms can expect from the regulator in the participation of the sandbox.
Additional information on the goal of the sandbox, eligibility requirements, core features of the sandbox, or currently participating firms may be found on the FCA’s dedicated digital sandbox webpage at https://www.fca.org.uk/firms/innovation/digital-sandbox.
It shall be noted in this context that the digital sandbox is particularly suitable for firms seeking to test new products and services which require the use of large amounts of data for testing or verification purposes.
Digital Sandbox explainer video
ID
24514
Other Features
companies
digitisation
eligibility
financial innovation
market data
registration
sandbox
Date Published: 2023-08-01
Regulatory Framework: FCA Handbook
Regulatory Type: information
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