Key Features of the FCA Sandbox

1. Safe Testing Environment:
   Companies can trial innovative solutions without the risks typically associated with a full-scale market launch. The FCA monitors these tests to minimise potential harm to consumers or markets.
2. Regulatory Flexibility:
   Firms may be granted temporary modifications to certain FCA rules or receive regulatory guidance during the testing period, making it easier to navigate compliance hurdles.
3. Collaborative Approach:
   Businesses gain access to direct FCA support, enabling them to better understand the regulatory implications of their innovations and build compliant solutions from the ground up.
4. Eligibility for a Broad Range of Firms:
   The Sandbox is open to both startups and established firms, provided they can demonstrate that their innovation is genuinely novel, provides clear consumer benefits and requires a regulatory environment to test.
5. Live Market Testing:
   The FCA Sandbox enables companies to test their solutions with real consumers, gaining valuable insights and feedback that can be used to refine their offerings.