FCA: Call for Input – Cross-Sector Sandbox

Regulatory Updates | 20/06/19

The FCA have published a call for input on the need for a cross-sector sandbox – a single-point-of-entry sandbox for firms to test innovative propositions with multiple UK regulators. This follows a six-month study into how this kind of sandbox could be established, funded by the Regulator Pioneer Fund (a fund launched by the Department for Business, Energy and Industrial Strategy and administered by Innovate UK).

Given the cross-sectorial nature of this proposal, this Call for Input will be of interest to a very wide range of firms, regulators and consumers, including:
• FCA regulated firms that (intend to) use emerging technologies to facilitate business models spanning at least one other regulator
• Any firms that are subject to a UK regulatory authority and consider diversifying their business model into the financial services sector
• Governmental bodies, policy makers and Think Tanks
• Regulators and other authoritative bodies
• Consumers and consumer organisations.

Respond to the questions in the Call for Input and send your responses to CrossSectorSandbox@fca.org.uk by 30th August 2019.