# Regulatory sandbox

`kaal:entity:regulatory-sandbox`

**Status.** derived

This node is assembled mechanically from the 5 claims that carry the concept tag `regulatory-sandbox`. 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

5 claims across 2 works, 2017 to 2021.

**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
- [2834531-043](https://wulfkaal.github.io/claims/2834531-043) [mechanism/argued] -- 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.
  > In this way, public entitlement to participate in regulatory debates can help to create a renewed sense of legitimacy that justifies the regulation.
  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
- [2834531-045](https://wulfkaal.github.io/claims/2834531-045) [predictive/speculative] -- 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.
  > This regulatory approach is already adopted in the financial industry. It is only to be expected that this trend will expand to other areas
  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

**2021**

- [3808852-038](https://wulfkaal.github.io/claims/3808852-038) [design/evidenced] -- 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.
  > 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.
  Wulf A. Kaal, Decentralization and Feedback Effects (2021). SSRN: https://ssrn.com/abstract=3808852

## 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/regulatory-sandbox.md | sha256sum

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