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 6 standards, quoted from the control text.
Art.57 requires each Member State to establish at least one AI regulatory sandbox and sets what it must provide. Art.58 directs the Commission to adopt implementing acts on the detailed arrangements for sandboxes and lists what those arrangements must cover.
EUAI-Art.57-63 · AI regulatory sandboxes and measures for SMEs (Arts 57, 58, 62 and 63) →Regulatory sandbox. Article 38 empowers the authority to authorise experimental regulatory environments (sandboxes) for AI innovation under supervision.
BRAI-A38 · Regulatory sandbox →Reserve Bank of India (RBI) Account Aggregator (AA) Framework is established under the RBI Master Direction Non-Banking Financial Company - Account Aggregator (Reserve Bank) Directions 2016 dated 2 September 2016 issued under Section 45L of the RBI Act 1934 wi...
RBI-AA-Registration-Licensing-NBFC-AA-NetOwnedFunds-FitAndProper-MD2016 · RBI AA Registration + Licensing - NBFC-Account Aggregator (NBFC-AA) Category + Net Owned Funds + Fit and Proper Criteria + RBI Master Direction 2016 + Governance →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 →Article 33 requires Member States and the Commission to put in place support measures for microenterprises and SMEs, including regulatory sandboxes, simplified technical documentation under Annex VI, conformity-assessment-fee discounts where notified bodies ar...
CRA-Art.33 · SME and microenterprise support measures (Article 33) →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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