Background Information
Regulatory sandboxes allow companies to test innovative
technological products within a controlled real-world
environment under a specific framework developed and
monitored by one or more competent authorities, for a limited
period of time.1 As a flexible and dynamic regulatory
tool, sandboxes are particularly well-suited for governing
disruptive technologies, such as artificial intelligence (AI),
where traditional regulatory approaches may struggle to keep pace
with rapid innovation.
By offering a safe, supervised space for experimentation,
regulatory sandboxes aim at fostering a proactive and collaborative
relationship between regulators and businesses.