FCA calls for input on proposed Cross-sector Sandbox by 30 August 2019

Posted on June 26, 2019
Archive : June 2019
Category : Herbert Smith Freehills

FCA calls for input on proposed Cross-sector Sandbox by 30 August 2019

26 June 2019

New technologies, such as artificial intelligence (“AI“) and distributed ledger technology (“DLT“), continue to have a significant impact on the way in which firms, customers and regulators interact.  Firms introducing innovative business models whose products or services fall under the jurisdiction of different sectoral regulators can find themselves having to address competing regulatory expectations. As these new innovative technologies and cross-sector business models begin to emerge, regulators have recognised a need to: create a safe and encouraging environment for firms to develop positive innovations. At the same time, providing regulatory certainty; ensure consumers are protected from new technologies still under…

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