Regulatory Sandbox

Companies can receive temporary regulatory waivers to test new products and services in a controlled way that does not risk consumer services nor expose test projects to the full costs and risks of regulatory compliance. It allows the market regulator to review and adjust regulations to facilitate the entry of new technologies. The evaluation criteria for innovative technologies to qualify for the sandbox include potential benefits to consumers, the need for changes to existing rules, clear scenarios and boundary conditions, and the mitigation of foreseeable risks.

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