The Bank of England and Financial Conduct Authority (FCA) initiative will allow firms to experiment with new or different practices and developing technology.
The Sandbox will allow firms to operate under a temporarily modified legal and regulatory framework, facilitating the use of developing technology, including distributed ledger technology (DLT)
Firms can learn more about applying for the DSS and should review the accompanying regulatory guidance on the initiative to understand regulators’ approach and the requirements on participants.
💡 Plenitude’s Digital Assets Practice can help your firm navigate the application process. Visit our website for more information https://www.plenitudeconsulting.com/services/digital-assets-practice
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