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ARTICLE · 12 FEBRUARY 2020

Italy Consults On FinTech Sandbox

The Italian Ministry of Economy and Finance has launched a consultation on a Draft Decree on the criteria to test FinTech initiatives in a sandbox environment and to establish ...

ItalyTechnology

The Italian Ministry of Economy and Finance has launched a consultation on a Draft Decree on the criteria to test FinTech initiatives in a sandbox environment and to establish a FinTech Committee. The criteria include the activities that are eligible for the sandbox, the requirements that need to be met by entities applying for the sandbox and the content of the application. The consultation also sets out the provisions on the role and tasks of the FinTech Committee.

What has happened

On 3 February 2020, the Italian Ministry of Economy and Finance (MEF) published for consultation a Draft Decree on the criteria to test FinTech initiatives in a sandbox environment  and the establishment of a FinTech Committee chaired by the MEF.

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