Regulatory Alerts2017-05-28
Proposed Regulatory Sandbox Framework
The Central Bank of Bahrain (CBB) has issued a consultation on its Proposed Regulatory Sandbox Framework to foster FinTech innovation by allowing eligible startups and financial institutions to test new products under phased, flexible regulatory requirements. The framework establishes a standard nine-month testing period with optional extensions, imposes a BD100 entry fee, and mandates structured oversight through designated liaison officers and tailored reporting. By relaxing specific rules on a case-by-case basis while maintaining consumer protection, cybersecurity standards, and intellectual property safeguards, the CBB aims to accelerate market-ready digital solutions without compromising financial system integrity.
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