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`OFFICE OF THE GOVERNOR CIRCULAR NO. ___ Series of 2022 Subject: Regulatory Sandbox Framework The Monetary Board, in its Resolution No. ___ dated ___, approved the institutionalization of the BSP's

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What is regulatory sandbox framework form?

The regulatory sandbox framework form is a structured mechanism that allows businesses to test innovative financial products, services, business models, and delivery mechanisms in a controlled environment.

Who is required to file regulatory sandbox framework form?

Financial institutions and startups looking to introduce new financial products or services are required to file the regulatory sandbox framework form.

How to fill out regulatory sandbox framework form?

The regulatory sandbox framework form can be filled out online through the respective regulatory authority's website by providing detailed information about the innovative financial product or service being tested.

What is the purpose of regulatory sandbox framework form?

The purpose of the regulatory sandbox framework form is to enable businesses to test and launch innovative financial products or services while ensuring regulatory compliance and consumer protection.

What information must be reported on regulatory sandbox framework form?

The regulatory sandbox framework form requires detailed information about the innovative financial product or service, including its features, target market, benefits, risks, and how consumer data will be protected.

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