FCA set to launch 'regulatory sandbox' this spring

The business plan explains that the sandbox will foster new ways of helping firms of all sizes develop novel ideas for market by offering a safe space to innovate by ‘reducing the regulatory burden'. The idea was first proposed in a report released last November, but the regulator had not given a time for launch until now. The sandbox will form part of the FCA's wider Project Innovate, launched in October 2014. Project Innovate aims to encourage innovation in the interests of consumers and promote competition through disruptive technology and ideas. Today's business plan says firms...