Commonly asked questions

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Regulatory Sandbox

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How does the sandbox work?
How can I prepare to submit an application?
Is a firm allowed to trade with live customers during the 6 month test period?
Can I apply to the sandbox if I am already and Appointed representative?
I am emailing on behalf of another regulator and want to get in touch with the team
Can I apply to the sandbox whilst simultaneously applying for authorisation via a Principal for Appointed Representative status.
I am conducting a study about sandboxes and wanted to know if you could provide me with information/documentation related to the regulation, model protocols between the parties or any other information
How do I get regulatory approval through the sandbox and what information is needed?

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Your website states that you “can help firms at any stage of development, from the idea stage onwards”. What is the minimum level of maturity required for consideration by the FCA?
What kind of support is offered when a firm is incubated at the idea stage?
Eligibility criteria mentions that you will consider applications from “firms of any size”. Do we need to be a registered company before applying for the program?
Is the FCA offering support or high-level guidance on legal aspects?
Can we apply to the Innovation Pathways or Regulatory Sandbox if the proof of concept is completed?
I would like some help understanding the regulatory implications of my innovation.
What ongoing support is available to help us launch a product quickly to the market?
Do I have to pay for the service?
Can you share details of firms supported within Innovation Pathways and acceptance rate into the service?
What is the difference between Regulatory Sandbox and Innovation Pathways?

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What type of data is provided in the Digital Sandbox platform?
When will Digital Sandbox open for application?
Can companies that operate outside the UK send applications to the sandbox?
I would like to arrange a meeting with your digital sandbox team, as I’m trying something innovative and new, and would like to know if it would require regulation.
What is Digital Sandbox and what resources are provided there?

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There are no fees to apply to FCA Innovation services.

Updated on April 11, 2023

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