House of Lords Committee launches inquiry into regulatory sandboxes

The House of Lords Financial Services Regulation Committee has launched a call for evidence as part of its inquiry into regulatory sandboxes in UK financial services. The inquiry will examine the purpose, effectiveness and wider impact of regulatory sandboxes, including the UK Financial Conduct Authority (FCA)'s Regulatory Sandbox and Digital Sandboxes, as well as the Digital Securities Sandbox operated jointly with the Bank of England. The Committee is seeking views on whether sandboxes promote innovation, offer wider public benefits and value for money, shape markets through their selection of firms, and help to produce good regulatory policy, particularly for emerging technologies. The inquiry will also consider firms' experiences of participation, the use of sandboxes to test agentic AI, and how the UK's approach compares with those adopted in other jurisdictions and sectors.

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