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Regulatory Agenda Sandbox

Hogan Lovells

Space Sector Update: Next steps for modernising regulation of On-Orbit Servicing in the UK

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Following on from the UK Government’s “Space Industrial Plan” released in March 2024, the UK Government is taking steps to overhaul its approach to regulating on-orbit servicing. The aim being to modernise the 50 year-old...more

Troutman Pepper Locke

The CFPB Issues Revised Sandbox and No-Action Letter Policies

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Earlier this month, the Consumer Financial Protection Bureau (CFPB or Bureau) issued new policy statements regarding its Compliance Assistance Sandbox (CAS) and No-Action Letters (NAL) programs. ...more

Clark Hill PLC

CFPB Reboots No-Action Letter and Sandbox Policies: A New Approach to Financial Innovation…Not

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On January 3, 2025, the Consumer Financial Protection Bureau (CFPB) announced a comprehensive reboot of its No-Action Letter (NAL) and Compliance Assistance Sandbox (CAS) policies. The proposed policies on its face, marks a...more

Husch Blackwell LLP

CFPB Reboots Policy Statements for No-Action Letters and Compliance Assistance Sandbox Approvals Days Before Administration Change

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On January 10, 2025, the Consumer Financial Protection Bureau (CFPB) revived its policy statements on No-Action Letters (NALs) and Compliance Assistance Sandbox (CAS) Approvals. These unexpected changes come just days before...more

Ballard Spahr LLP

CFPB re-establishes regulatory sandbox, no-action letter programs

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In an effort to foster innovation in financial services, the CFPB is reinstituting its programs that allow companies to obtain regulatory safe harbors through no-action letters and sandboxes to test new products and services....more

A&O Shearman

Updated memorandum of understanding on FMI supervision between Bank of England and UK Financial Conduct Authority published

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The Bank of England has published an updated memorandum of understanding between the BoE and the U.K. Financial Conduct Authority on the supervision of markets and financial market infrastructures...more

Conyers

Advancing Virtual Asset Regulation in the Cayman Islands

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Following consultations earlier this year, the Virtual Asset (Service Providers) (Amendment) Bill, 2024 (the Bill) has been gazetted and represents a major milestone in enhancing the Cayman Islands’ regulatory landscape for...more

White & Case LLP

Unlocking Potential: GCC FinTech Trends, Regulations and Funding Outlook

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The Gulf Cooperation Council ("GCC") region, particularly the United Arab Emirates ("UAE") and the Kingdom of Saudi Arabia ("KSA"), is experiencing a dynamic transformation in its financial sector driven by the rapid rise of...more

Sheppard Mullin Richter & Hampton LLP

CFPB Announces Opening of New Office of Competition and Innovation

On May 24, CFPB announced the opening of the Office of Competition and Innovation, as part of its new approach to increase competition amongst consumer financial service companies by identifying barriers to entry for new...more

Hogan Lovells

Brazilian Central Bank Regulatory Sandbox

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In December 2020, the Brazilian Central Bank (BCB) approved the rules for the commencement of the first cycle of the BCB regulatory sandbox. The BCB regulatory sandbox is an initiative that allows institutions to test...more

Latham & Watkins LLP

Italian Ministry Launches a Public Consultation on FinTech Sandbox

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The FinTech sandbox would aim to foster innovation in the financial, credit, and insurance sectors. The Italian Ministry of Economy and Finance has launched a public consultation on a draft ministerial decree (Draft Decree)...more

Hogan Lovells

Italy consults on FinTech sandbox

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The Italian Ministry of Economy and Finance has launched a consultation on a Draft Decree on the criteria to test FinTech initiatives in a sandbox environment and to establish a FinTech Committee. The criteria include the...more

Ballard Spahr LLP

CFPB and Utah AG announce joint office hours in Salt Lake City as part of ACFIN

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The CFPB and Utah AG’s Office have announced that they will hold the first joint office hours as part of the American Consumer Financial Innovation Network (ACFIN).  The joint office hours will be held on January 30, 2020 in...more

Ballard Spahr LLP

CFPB clarifies coverage of “disclosure sandbox” proposal; consumer groups comment on proposed revisions to no-action letter policy...

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“Disclosure Sandbox.”  In September 2018, the Bureau proposed significant revisions to its “Policy to Encourage Trial Disclosure Programs” which sets forth the Bureau’s standards and procedures for exempting individual...more

Nutter McClennen & Fish LLP

Nutter Fintech in Brief: Bureau of Consumer Financial Protection Proposes Product Sandbox and Policy Changes for No-Action Letters

On December 13, 2018, the Bureau of Consumer Financial Protection (the “Bureau”), through its Office of Innovation, published two policy proposals consisting of (i) proposed changes to the Bureau’s Policy on No-Action Letters...more

Ballard Spahr LLP

BCFP proposes revisions to no-action letter policy and creation of new product sandbox

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The BCFP has issued proposed revisions to its 2016 final policy on issuing “no-action” letters (NAL), together with a proposal to create a new “BCFP Product Sandbox.”  Comments must be received on or before February 11, 2019....more

Ballard Spahr LLP

CFPB Collaborates to Create a Global Fintech Network with Regulators around the World

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Last week the CFPB announced an initiative to create a Global Financial Innovation Network (GFIN) with 11 other financial regulators and related organizations across the globe....more

Robinson+Cole Data Privacy + Security Insider

U.S. Moves Ahead with Federal “Fintech Sandbox” — CFPB Announces Creation of Office of Innovation

In an effort to promote the development of new financial technology (fintech) products, Mick Mulvaney, acting director of the Consumer Financial Protection Bureau (CFPB), announced last week the creation of the Office of...more

A&O Shearman

European Commission Outlines its Action Plan for FinTech

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The European Commission has issued a Communication on FinTech to the European Parliament, the European Council, the European Central Bank, the European Economic and Social Committee and the Committee of the Regions....more

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