UK Conduct Regulator Invites Applications for Cohort Five of Its Regulatory Sandbox

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The U.K. Financial Conduct Authority has announced that the application window has opened for cohort five of its regulatory sandbox. The FCA announced the successful applicants to the previous cohort in July 2018.

The FCA's sandbox is part of the FCA's Project Innovate, which was launched in 2014.  The regulatory sandbox has been in operation since 2016 and provides a controlled environment for firms that satisfy the relevant eligibility criteria to test innovative products and services with real customers.

The deadline for completed applications for cohort five is November 30, 2018.

View the FCA webpage.

View details of the successful applicants to cohort four.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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