Question

What does a regulatory sandbox refer to?

A A designated area for storing regulatory documents Correct Answer Incorrect Answer
B A controlled environment for testing new products or services Correct Answer Incorrect Answer
C A playground for regulatory authorities Correct Answer Incorrect Answer
D A secure space for confidential business operations Correct Answer Incorrect Answer
E A storage facility for legal paperwork Correct Answer Incorrect Answer

Solution

A regulatory sandbox refers to live testing of new products or services in a controlled regulatory environment. It acts as a "safe space" for business, as the regulators may or may not permit certain relaxations for the limited purpose of testing.

Practice Next

Relevant for Exams:

×
×