Regulatory Alerts2024-05-16
Guideline for Regulatory Sandbox Authorisation
The Bank of Mauritius has issued this Guideline to establish a structured framework for granting Regulatory Sandbox Authorisation, enabling fintech companies, financial institutions, and licensees to test innovative solutions under relaxed regulatory requirements. Applicants must satisfy strict eligibility criteria, including demonstrating genuine innovation, robust risk management, and clear user benefits, while navigating a streamlined application process that concludes within forty working days. Once authorised, entities conduct testing for up to twelve months with mandatory interim and final reporting, clear user risk disclosures, and defined pathways for regulatory exemption renewal or market exit.
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