Regulatory Sandbox

Regulatory
Sandbox

The regulated springboard for market success!

The Regulatory Sandbox is the testing environment operated by the MNB, where you can trial your new financial solution in a real market environment, within a safe framework. With MNB subject matter experts' support, you can obtain temporary waivers and exemptions from regulatory requirements.

Test your solution

Step

1

Application

Fill and submit the preliminary meeting application form.

Step

2

Preliminary meeting

MNB subject matter experts assess and evaluate the project based on the submitted information and jointly set out the requirements of testing.

Step

3

Authorisation

The MNB authorises testing and grants temporary waivers and exemptions from certain obligations through an official administrative procedure.

Step

4

Testing

The innovation enters the Regulatory Sandbox for a defined period. Testing with real customers begins; the MNB provides continuous support and supervision.

Step

5

Closing of Testing

At the end of testing, a joint evaluation takes place and the innovation is ready for full market launch.

Our services help turning your FinTech idea into a market-ready solution.

What does Regulatory Sandbox offer?

Real Testing Environment

You test your innovative solution with real users in a controlled environment!

Gauge interest

You have the opportunity to find out whether your innovation is attractive to consumers, or how a particular technology works in the market!

Your Feedback Counts

You are able to communicate your observations on regulation directly to the MNB!

Maximum Customer Protection

Support in identifying consumer protection safeguards that can be built into new products and services!

From which provisions can I get regulatory waivers and exemptions?

Detailed requirements on remote customer identification

Certain requirements on the dept cap rules

Certain payment services rules

Certain rules on the total cost indicator (APR)

Requirements relating to internal training systems

Certain rules on the handling of customer complaints

Rules on classifying and assessing partners

Certain regulatory reporting requirments regarding the above requirements

What are the eligibility criteria to meet?

Significant novelty and added value (genuine innovation)

Faster, cheaper, more convenient service for customers (consumer benefit)

Innovation ready for testing (readiness)

Intent to launch on the domestic market (in scope)

Where to find the details?

For detailed information on the operation of the Regulatory Sandbox and the waivers and exemptions check the corresponding decree and guidance. These materials are to help you understand precisely the conditions for participation in the Regulatory Sandbox before applying.