A tale of 44 cities | Map of regulatory sandboxes Map of regulatory sandboxes A regulatory sandbox is a regulator-driven initiative which allows businesses to test innovative products, services, business models and delivery mechanisms in a live environment. Typically, some regulatory requirements are amended to create a bespoke framework for the duration of an on-market trial. The map below shows all live and proposed regulatory sandboxes (and similar regulatory initiatives). Proposed sandboxes are ones on which a formal statement has been made by a regulatory or government body. Live sandboxes are ones which have already began accepting applications or conducting trials. As this is a dynamic space, the map is accurate as at time Norway Proposed of publication. Netherlands Live Financial Supervisory Authority (FSA) Dutch financial supervisors of Norway, ICT Norway the Authority for the Financial Market (AFM) and De Thailand Proposed Nederlandsche Bank (DNB) Bank of Thailand Russia Proposed Central Bank of Russia Canada Live Hong Kong Live Ontario Securities Hong Kong Monetary Authority Commission (OSC) / Applied Science and Technology Research Institute UK Live Taiwan Proposed USA Proposed Financial Conduct Financial Supervisory Federal Reserve Board / Treasury Authority (FCA) Commission (FSC) Department / Securities and Exchange Commission Singapore Live Monetary Authority of Singapore (MAS) Key Australia Live Australian Securities & Investments Commission (ASIC) Proposed Formal statement made by a regulatory or government body Malaysia Live Live Switzerland Proposed Bank Negara Malaysia Accepting applications or Financial Market Supervisory (Central Bank) Authority (FINMA) conducting trials Dubai Proposed Dubai Financial Services Authority Abu Dhabi Live Indonesia Proposed (DFSA) Dubai International Financial Abu Dhabi Global Market Bank Indonesia (Central Bank) Source: Innovate Finance Centre Authority (DIFCA) (ADGM) Compiled by Deloitte 20