ARTICLE · 23 MAY 2023

Come Play In The Sandbox: BSP Invites Innovations Through Regulatory Sandbox Framework

SyCip Salazar Hernandez & Gatmaitan

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SyCip Salazar Hernandez & Gatmaitan

SyCip Salazar Hernandez & Gatmaitan (SyCipLaw) is one of the largest law firms in the Philippines...

On September 5, 2022, the BSP issued BSP Circular No. 1153, series of 2022, entitled "Regulatory Sandbox Framework" (Sandbox Circular) which institutionalizes the Test & Learn (T&L)...

PhilippinesFinance and Banking

SyCip Salazar Hernandez & Gatmaitan

On September 5, 2022, the BSP issued BSP Circular No. 1153, series of 2022, entitled "Regulatory Sandbox Framework" (Sandbox Circular) which institutionalizes the Test & Learn (T&L) approach that the BSP has been implementing for BSFIs, third-party service providers of BSFIs, and new players seeking to offer financial products and services using new technology and innovations.

All BSFIs, BSFI Third-party service providers, and new players interested in entering the Philippine banking industry that intend to offer or use an emerging or new technology to deliver financial products or services pertaining to activities that could fall under the regulatory coverage of the BSP are encouraged to participate in the BSP Regulatory Sandbox.

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Come Play In The Sandbox: BSP Invites Innovations Through Regulatory Sandbox Framework

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