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 "identifier": "kaal:entity:regulatory-sandbox",
 "name": "Regulatory sandbox",
 "termCode": "regulatory-sandbox",
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 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0000-0003-0757-275X"
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   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2834531-041",
   "identifier": "kaal:claim:2834531-041",
   "text": "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.",
   "abstract": "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.",
   "citation": "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",
   "datePublished": "2017",
   "claim_type": "definitional",
   "confidence": "asserted",
   "is_failure_mode": false,
   "scope_conditions": [
    "the FCA sandbox announced in April 2016 for Fintech firms"
   ],
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   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2834531-042",
   "identifier": "kaal:claim:2834531-042",
   "text": "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.",
   "abstract": "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.",
   "citation": "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",
   "datePublished": "2017",
   "claim_type": "design",
   "confidence": "evidenced",
   "is_failure_mode": false,
   "scope_conditions": [
    "default duration of three to six months",
    "customer numbers sufficient for statistically relevant data",
    "pre agreed safeguards and disclosure to customers"
   ],
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   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2834531-043",
   "identifier": "kaal:claim:2834531-043",
   "text": "The sandbox generates legitimacy as well as information: because the tested technology remains open to discussion and democratic supervision, public entitlement to participate in regulatory debates creates a renewed sense of legitimacy that justifies the regulation.",
   "abstract": "In this way, public entitlement to participate in regulatory debates can help to create a renewed sense of legitimacy that justifies the regulation.",
   "citation": "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",
   "datePublished": "2017",
   "claim_type": "mechanism",
   "confidence": "argued",
   "is_failure_mode": false,
   "scope_conditions": [
    "where the technology has consequences that flow into everyday lives"
   ],
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  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2834531-045",
   "identifier": "kaal:claim:2834531-045",
   "text": "The flexible, data based, sandbox style regulatory approach already adopted in the financial industry is expected to expand into other areas of innovation and technology.",
   "abstract": "This regulatory approach is already adopted in the financial industry. It is only to be expected that this trend will expand to other areas",
   "citation": "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",
   "datePublished": "2017",
   "claim_type": "predictive",
   "confidence": "speculative",
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   "scope_conditions": [
    "starting from financial regulation"
   ],
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  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/3808852-038",
   "identifier": "kaal:claim:3808852-038",
   "text": "Regulatory sandboxes are an instance of regulatory decentralization: by lowering regulatory barriers and costs for testing disruptive technologies while protecting consumers, the regulator fosters innovation in increasingly decentralized products and services.",
   "abstract": "With the sandbox, the regulator aims to foster innovation by lowering regulatory barriers and costs for testing disruptive innovative technologies, while ensuring that consumers will not be negatively affected.",
   "citation": "Wulf A. Kaal, Decentralization and Feedback Effects (2021). SSRN: https://ssrn.com/abstract=3808852",
   "datePublished": "2021",
   "claim_type": "design",
   "confidence": "evidenced",
   "is_failure_mode": false,
   "scope_conditions": [
    "based on the UK FCA sandbox introduced April 2016 and later ASIC, MAS, and FSRA sandboxes"
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 "description": "5 claims in the published works of Wulf A. Kaal carry the concept tag 'regulatory-sandbox'. Derived node: a roster, not an adjudicated definition."
}