Nigeria FinTech Landscape - Impact Assessment

1: A regulatory sandbox allows innovative firms to test ideas quickly and cost effectively within a safe environment Definition A regulatory sandbox is a controlled environment in which innovative businesses can test their ideas under the guidance/supervision of a regulator Key Elements of a Regulatory Sandbox Waivers Guidance Relaxation of specific legal and regulatory requirements specific to the test Tailored guidance for firms to support implementation of the test Limited authorization Requirements of authorization from regulatory body to get into sandbox and conduct regulated activities. EFINA 79

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