The MFSA has launched the MFSA FinTech Regulatory Sandbox ('the
Sandbox') during a press conference held on the 22nd of July
2020. It is applicable to all FinTech Service Providers and FinTech
Suppliers.
The Sandbox, as established by Rule 3 ('Rule') of the
MFSA Act (Chapter 330 of the Laws of Malta) provides for a
regulatory environment within which FinTech operators may test
their innovative solution for a specified period of time within the
financial services sector, under certain
prescribed conditions.
The Sandbox implies certain definitions,
including:
'FinTech'
- Being technologically-enable
financial innovation that could result in new business models,
applications, processes or products with an associated material
effect on financial markets and provision of financial
services.
