# Fca

`kaal:entity:fca`

**Status.** derived

This node is assembled mechanically from the 4 claims that carry the concept tag `fca`. It is a roster of what the corpus says under this term. It is **not** an adjudicated definition: no single statement here has been ruled canonical, and no first-appearance call has been made. Read the claims and judge for yourself.

## Every claim under this term

4 claims across 2 works, 2017 to 2018.

**2017**

- [2834531-041](https://wulfkaal.github.io/claims/2834531-041) [definitional/asserted] -- The regulatory sandbox provides a safe space in which innovative products and services can be tested without being forced to comply with the otherwise applicable set of rules and regulations.
  > The idea behind the sandbox is to provide a safe space for testing innovative products and services without being forced to comply with the applicable set of rules and regulations.
  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
- [2834531-042](https://wulfkaal.github.io/claims/2834531-042) [design/evidenced] -- 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). SSRN: https://ssrn.com/abstract=2834531

**2018**

- [3117224-021](https://wulfkaal.github.io/claims/3117224-021) [condition/evidenced] -- The UK Financial Conduct Authority takes the position that ICOs may be regulated as securities depending on the aspects and rights the coin holder obtains through holding the coin, assessed case by case.
  > The FCA has taken the position that ICO's may be regulated as securities depending on the different aspects and rights the coin holder obtains through holding the coin.
  Wulf A. Kaal, Initial Coin Offerings The Top 25 Jurisdictions and Their Comparative Regulatory Responses (2018). SSRN: https://ssrn.com/abstract=3117224
- [3117224-022](https://wulfkaal.github.io/claims/3117224-022) [failure/evidenced] *(failure mode)* -- The FCA has acknowledged that distributed ledger technology has unique aspects capable of working around current regulations.
  > the FCA has acknowledged that DLT has unique aspects that can work around current regulations.
  Wulf A. Kaal, Initial Coin Offerings The Top 25 Jurisdictions and Their Comparative Regulatory Responses (2018). SSRN: https://ssrn.com/abstract=3117224

## Verify

Every claim above resolves to a record carrying a verbatim source quote, the sha256 of the source PDF, and a preformatted citation. Nothing here asks to be taken on trust.

    curl -s https://wulfkaal.github.io/entities/fca.md | sha256sum

**Canonical form.** This markdown file is the canonical hashed representation of this entity node. Its sha256 is the content hash.