PETALING JAYA: The Securities Commission (SC) has released its Regulatory sandbox guidelines, detailing the eligibility criteria and requirements for participation.
The regulatory sandbox, announced during last year’s SCxSC Fintech Summit, is a regulatory tool that enhances policies and ensures they are fit for purpose by providing a controlled environment for entities to test innovative capital market products or services. SC chairman Datuk Mohammad Faiz Azmi said the sandbox facilitates responsible innovation in the capital market while also ensuring robust investor protection.
“By empowering industry players to experiment with innovative ideas, the sandbox embodies our vision of building a dynamic, inclusive and future-ready capital market.
“It also fosters collaboration across the ecosystem, ensuring progress aligns with investor protection,” he added.
According to the SC, products and solutions focusing on financial inclusiveness, Islamic finance or retirement solutions are strongly encouraged.
Applications for the sandbox will open from April 15 until May 31, 2025.
Applicants will be notified within 30 days of submission if they have progressed to the evaluation stage.
