PS24/12: Digital Securities Sandbox Joint Policy Statement and Final Guidance

The UK Financial Conduct Authority and Bank of England jointly issued this policy statement and final guidance to establish a regulatory sandbox for testing digital securities innovations. Participating firms must submit detailed proposals demonstrating how their digital securities projects align with regulatory objectives, comply with existing financial promotions rules, and implement robust consumer protection and market integrity safeguards. The regulators will evaluate applications against defined criteria, grant conditional exemptions where necessary, and provide ongoing supervisory oversight throughout the trial period to inform future permanent regulatory frameworks.

United Kingdom

Financial Conduct Authority

Consultation opened

03/04/2024

Consultation closed

29/05/2024

Policy Statement

30/09/2024