kaal:claim:2834531-042

The most interesting feature of the sandbox is that ideas, products, and services are tested in a live environment, made possible by a set of default parameters the FCA defined that can be altered case by case.

What is perhaps most interesting about the sandbox is that new ideas, product, and services can be tested in a "live" environment.112 In order to create this environment, the FCA defined a set of default parameters that can be altered on a case–by–case basis.

Mark Fenwick, Wulf A. Kaal, Erik P. M. Vermeulen, Regulation Tomorrow What Happens When Technology Is Faster Than the Law (2017), C. The Minimum Regulatory Sandbox, p. 32
https://ssrn.com/abstract=2834531 · source PDF

Mark Fenwick, Wulf A. Kaal, Erik P. M. Vermeulen, Regulation Tomorrow What Happens When Technology Is Faster Than the Law (2017). SSRN: https://ssrn.com/abstract=2834531

• default duration of three to six months
• customer numbers sufficient for statistically relevant data
• pre agreed safeguards and disclosure to customers

designsupport: evidencedinstitutional-design

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