Regulatory Sandbox
What is Regulatory Sandbox?
A framework established by regulators that allows businesses to test innovative products, services, or business models in a controlled environment with reduced regulatory requirements.
Terms that appear alongside regulatory sandbox
Each of these is named in at least one of the same controls as regulatory sandbox. The number is how many controls name both.
- sandbox 7 shared controls
- consent 5 shared controls
- data protection 3 shared controls
- fips 3 shared controls
- compliance 3 shared controls
- security framework 2 shared controls
- resilience 2 shared controls
- cyber resilience 2 shared controls
Frameworks that govern regulatory sandbox
What the standards actually require on regulatory sandbox
Requirements naming regulatory sandbox across 5 standards, quoted from the control text.
Before a subject participates in testing in real world conditions under Art.60, freely given informed consent must be obtained after the subject has been duly informed, in concise, clear, relevant and understandable terms, of the nature and objectives of the t...
EUAI-Art.61 · Informed consent to participate in testing in real world conditions outside AI regulatory sandboxes →States are invited to adopt AI strategies at national and regional level and to weigh soft governance such as certification of AI systems with mutual recognition, scaled to the sensitivity of the domain, with audit levels, ongoing monitoring and re-certificati...
unesco-recommendation-on-the-ethics-of-ai::PA2b · paras 56, 58, 69 Strategies, certification, AI ethics officers and regulatory sandboxes →Regulatory sandbox. Article 38 empowers the authority to authorise experimental regulatory environments (sandboxes) for AI innovation under supervision.
BRAI-A38 · Regulatory sandbox →The Parties recognise that data and the cross-border transfer of data drive the digital economy, and shall collaborate on data innovation, including by sharing research and industry practices and considering the use of regulatory sandboxes to facilitate truste...
DEPA-9.4 · Data Innovation →Maintain comprehensive logging and audit trails for all API operations including customer consent + transactions + data sharing + access attempts + retained for minimum 7 years per CBN requirements.
NGOB-7 · Logging, Audit Trail, Independent Assurance, and Sandbox Testing →Questions people ask about regulatory sandbox
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