FCA regulatory sandbox success paves way for new firms to enter
UK regulator to accept 24 firms for sandbox testing in second phase
The UK’s Financial Conduct Authority (FCA) has announced 24 firms made it through to the testing stage in the second phase of its regulatory sandbox.
In an update from the regulator published June 15, it is revealed 31 applications met the sandbox’s eligibility criteria out of 77 submissions, but only 24 are ready to begin testing.
“Tests will be conducted on a short-term and small-scale basis,” the FCA says, stating it worked with firms to agree testing parameters, building in consumer
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
More on Regtech & Suptech
Central Banking FinTech RegTech Global Awards 2023
Central Banking’s sixth annual FinTech RegTech Global Awards showcase the ground-breaking projects undertaken within the central banking community
A suptech transformation: using tech to support the full supervisory lifecycle
Regnology explores how – with the appropriate platforms, partners and processes in place – supervisory technology can be utilised as a driver of transformation.
Central Banking FinTech RegTech Global Awards 2022
Central Banking’s fifth annual FinTech RegTech Global Awards showcase the ground-breaking projects undertaken within the central banking community
Project Ellipse: real-time data and the ‘art of the possible’
BIS’s Andrew McCormack and MAS’s Kenneth Gay talk about phase two of the suptech project
Podcast: collaboration as the key to better data
Regnology’s Joanne Horgan highlights an emerging trend of collaboration on supervisory data
Suptech use expanded during pandemic, says BIS report
Survey of regulators finds authorities’ leadership support is vital for suptech development
Most read
- Trends in reserve management 2024: survey results
- People: RBI appoints senior officials
- China to start selling ultra-long term sovereign bonds