Regulatory sandbox definition

Regulatory sandbox means the program established by this

Regulatory sandbox means a controlled testing environment which allows a financial institution, a licensee under the National Payment Systems Act or a body corporate authorised by the central bank under section 11C to conduct experiments under the supervision of the central bank;

Regulatory sandbox means a framework for experimenting and developing an innovation in a controlled environment to support provision of services related to capital market.

Examples of Regulatory sandbox in a sentence

• Regulatory sandbox approach offers a window into regulators’ attempts to balance promotion of innovation with consumer safety.

• Regulatory sandbox has several benefits some of which are listed below: Reduced time-to-market at potentially lower cost:Delays driven by regulatory uncertainty disproportionately affect first-movers and discourages innovation.

• Regulatory sandbox significantly contributes to creating an open innovative ecosystem for Fintech business by providing collaborating environments between governments and market participants including larger incumbent firms and fintech startups, [15] which can help regulators manage the Fintech market more effectively.

• At the end of the one-year validity period, the temporary authorization for the Regulatory sandbox will expire.

• The Regulatory sandbox model is a middle-ground approach that sits on the border between an ecosystem approach and an infrastructural change in regulatory innovation.

More Definitions of Regulatory sandbox

Regulatory sandbox means the Regulatory Sandbox Program created by Section

Regulatory sandbox means the Regulatory Sandbox Program created by Section 13-55-103, which allows a person to temporarily test an innovative product or service on a limited basis without otherwise being licensed or authorized to act under the laws of the state.

Regulatory sandbox means the General Regulatory Sandbox Program created in Section 63N-16-201, which allows a person to temporarily demonstrate an offering under a waiver or suspension of one or more state laws or regulations.

Regulatory sandbox means a regulatory framework during which it is possible to develop, validate and test in a controlled environment innovative or adapted regulatory solutions that facilitate the development and authorisation of innovative products which are likely to fall in the scope of this Regulation, pursuant to a specific plan and for a limited time under regulatory supervision.

Regulatory sandbox means the General Regulatory Sandbox Program

Regulatory sandbox means a controlled testing environment which allows a licensee or a body corporate authorised under section 14B to conduct experiments, whether simulated or live, under the supervision of the Commission;

Regulatory sandbox means the permission to conduct innovations within the time allotted with such exemptions or modifications from any law, along with conditions as may be prescribed under this Act, under which any participant may conduct innovations and offer goods or services to the public;