Examples of Sandbox period in a sentence
Refer to Appendix II for examples of the legislative and regulatory requirements that the Authority would consider modifying during the Sandbox period.
Please review the training, help and video material during the Training or Sandbox period so that You become familiar with the features and functions of the Subscription Services before You make Your purchase.
It is especially important that people who have been trained to work on the CBDC project are not then transferred elsewhere while the project is still in progress.l) What lies beyond the Sandbox period and Pilot experimentation? We have suggested above that successful Pilot trials may bring a commercial bank or a FinTech company to the point where launching the new product is attractive as it looks to be profitable and likely to appeal to customers.
If the solution pivots materially during the Sandbox period it may change the conditions under which the solution was granted entry and the IFWG would have to consider whether to continue with that particular test case.
Applicants for a Sandbox License are assisted by the BMA, in a collaborative way, to launch a new insurtech business under a defined license with proportionate regulatory capital and other licensing requirements allowing global business reach and growth towards a full Innovative License within an agreed Sandbox period of usually of 6-12 months.