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Registration Form for Civil Society OrganizationsApplication Regulatory Sandbox Please complete as much of this form as you can. This will assist in a timely evaluation of your proposal. If you answer
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A sandbox approach is a regulatory mechanism that allows businesses to test innovative financial products, services, or business models in a controlled environment.
Businesses or financial institutions that wish to test innovative products or services in a regulated environment are required to file a sandbox approach.
To fill out a sandbox approach, businesses need to provide detailed information about the innovation they wish to test, the potential risks involved, and the proposed testing parameters.
The purpose of a sandbox approach is to foster innovation in the financial sector while ensuring consumer protection and regulatory compliance.
Businesses must report detailed information about the innovative product or service they wish to test, the testing parameters, potential risks, and consumer protection measures.
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