FCA provides update on regulatory sandbox and announces fourth cohort application period

Regulatory Updates | 06/12/17

The FCA has published an update on the next phase of its regulatory sandbox, which includes details of those firms that were successful in their applications to test in the third cohort of the sandbox and the opening of the application period for the fourth cohort. The FCA also announces that the application window for its fourth sandbox phase is now open and firms have until 31 January 2018 to submit their applications in accordance with the eligibility criteria and process set out in the regulatory sandbox pages of the FCA website. It has published a new webpage on cohort 4 that includes a link to the relevant application form. The FCA expects that all accepted firms from cohort 4 will be ready to begin testing from June 2018.