The FCA has unveiled the firms that were successful in their applications to begin testing in the third cohort of the regulatory sandbox. The FCA received 61 submissions for the third phase of the regulatory sandbox. 18 applications met the sandbox eligibility criteria and were accepted to develop towards testing.
Christopher Woolard, executive director of strategy and competition at the FCA, said:
“Since we first opened the sandbox, it has supported almost 70 firms in testing innovative new products and services. It is particularly encouraging that we are now seeing more applicants from outside London and a broader range of firms testing in the sandbox. As we open the application window for our next sandbox cohort, we continue to encourage applications from firms of all sizes and from a wide range of sectors, including sectors we haven’t seen heavily represented in the sandbox to date.”
View FCA reveals next round of successful firms in its regulatory sandbox, 6 December 2017