Applying for the FCA's Regulatory Sandbox

The FCA's Regulatory Sandbox is open to authorised firms, unauthorised firms that require authorisation and technology businesses that are looking to deliver innovation in the UK financial services market.

The FCA's Regulatory Sandbox provides firms with the ability to:

  • Test products and services in a controlled environment
  • Reduce time-to-market at potentially lower cost
  • Identify appropriate consumer protection safeguards to build into new products and services

Sandbox users are expected to have clear objectives and to be able to conduct testing on a small scale, for a limited duration with a limited number of customers. In order to obtain access to the Regulatory Sandbox a proposed product or service must be genuinely innovative, within the FCA’s remit and have a real requirement for testing in a live environment. 

How can we support you?

Cosegic has supported over 1,500 successful FCA applications since 2003. We have also supported a number of firms with their application to the FCA's Regulatory Sandbox, a slightly different approach to a regular authorisation, but one which raises a number of potential benefits to those that are eligible.

We can help firms prepare their application to enter the Regulatory Sandbox and help them navigate through to a successful authorisation. Being part of the FCA’s Innovation Hub and/or Regulatory Sandbox cohort has been the start of the regulatory compliance journey for many fintech firms. From our experience of helping firms through the Regulatoy Sandbox and innovation hub, we know the importance of agreeing on testing controls and developing robust compliance policies and procedures which are often ground-breaking. If you aren’t sure whether the Regulatory Sandbox would be the right move for your firm, contact us and speak to one of our experts who will be able to tell you your best route to authorisation.


texture coral

Why choose Cosegic?

Our 360 degree perspective of regulatory affairs


Our 360 degree perspective of regulatory affairs

Our wide range of financial sector experts come together on a regular basis to discuss their interactions with the FCA and the regulatory trends that they are seeing, providing us with a more informed understanding of the FCA than our competitors.

Direct, proportionate advice


Direct, proportionate advice

Our unique perspective means we really do have our fingers on the pulse of regulation, which helps us to ensure that the advice we offer is practical, helpful and directly proportionate to our clients’ needs.

Our understanding of the role of compliance in firms


Our understanding of the role of compliance in firms

We have watched the evolution of compliance over the past twenty years and understand that compliance must now become a core part of how financial services carry out their businesses in order for them to be successful.

Compliance confidence for visionary growth


Compliance confidence for visionary growth

In recognising this, our services have been built in a way that can help you navigate regulation ensuring you will keep your vision and objectives intact. Our breadth of experience allows us to balance your business objectives with your compliance requirements.

Latest resources

more resources
iStock 1138124341 Article

Prudential risk management – What’s next for payments firms?

Read more
iStock 1002848180 Article

Financial regulation under Labour: 5 themes to watch

Read more
iStock 637700388 Article

PS24/3 Consumer Credit lending – time to prepare

Read more
iStock 1437539329 Article

Capital Markets Newsletter - June 2024

Read more