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Fintech Sandbox
tech-guy-wide

About Sandbox

Regulatory support

Kostky Fintech Sandboxu

The regulatory sandbox is a platform that aims to help with the legal and technical testing of new technological solutions in regulated industries and to achieve compliance with applicable legislation. SMEs with an innovative service that is or may be subject to any applicable regulation can apply.

Participants in the programme will have the opportunity to set up their innovative product in compliance with the regulation by consulting with experts or representatives of regulatory institutions. The aim is to facilitate the implementation of innovations in regulated sectors in the Czech Republic.

How is regulatory support handled?

  1. Registration

  2. Request

    • Uniqueness and innovativeness of the solution on the Czech market
    • The need for solution testing and support
    • Clarification of the scope of regulation in borderline cases
    • Business model sustainability and growth potential
    • Benefits for customers on the Czech and EU market

  3. Assessment of the application

    • Presentation of the application to the evaluation committee
    • Decision of the Commission
    • Assessment of formal requirements
    • Decision on inclusion in the programme

  4. Regulatory analysis

    • Assessment of the project from a regulatory perspective
    • Preparation of a regulatory testing plan

  5. Testing and regulatory dialogue

    • Testing with CI experts
    • Opportunity to consult with representatives of regulatory and supervisory authorities

  6. Exit

    • Preparation of the final report on the result of the regulatory testing
Further support
I am interested in support