Financial Conduct Authority Provides Update on Regulatory Sandbox

By Financial Conduct Authority

The Financial Conduct Authority (FCA) provided an update on its regulatory sandbox and unveiled the list of firms that were successful in their applications to begin testing in the second cohort of the sandbox.

The regulatory sandbox allows businesses to test innovative products, services, business models and delivery mechanisms in a live environment while ensuring that consumers are appropriately protected. It is part of Innovate, an initiative started in 2014 "to promote competition in the interest of consumers."

Read more here.

Tagged in: FCA, regulation, sandboxes

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