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ARTICLE · 16 MAY 2023

EU And U.S. Regulatory Sandboxes: Groundbreaking Tools For Fostering Innovation And Shaping Applicable Regulations

Jones Day
Jones Day
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The Situation: Regulatory "sandboxes" are trending. They represent a unique approach to regulation that permits selected companies to test and experiment with new and innovative products and services.

GlobalTechnology
Jayant W. Tambe
Jayant W. Tambe
Marco Frattini
Marco Frattini
Philippe Goutay
Philippe Goutay
Abradat Kamalpour
Abradat Kamalpour
Iván Martín-Barbón
Iván Martín-Barbón
Mark W. Rasmussen
Mark W. Rasmussen
Natalia Sauszyn
Natalia Sauszyn
Nick Wittek
Nick Wittek
John Paul Putney
John Paul Putney
+1 more
Author LinkedIn connections

In Short

The Situation: Regulatory "sandboxes" are trending. They represent a unique approach to regulation that permits selected companies to test and experiment with new and innovative products and services.

The Result: Policymakers in various jurisdictions, including the European Union and the United States, are using regulatory sandboxes as a tool to foster innovation and develop regulations better suited to emerging technologies.

Looking Ahead: The latest experiments with regulatory sandboxes in the United States and Europe are still in their early stages and their effectiveness remains to be seen. Unanswered questions surrounding their overall impact on competition, benefits for consumers, and success of the participants beyond the sandbox will persist for years to come.

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