Regulators’ Experimentation Toolkit • 3: Regulatory sandboxes
Part C: Designing and running a sandbox Figure 6: Six main phases to designing and running a sandbox
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Exit and evaluate
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Start testing
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3
2
1
Prepare licences and design the testing environment
Establish an application process
Share your design and gather feedback
Prototype your sandbox
1. Prototype your sandbox Once you have run through the checklist of considerations in Part B: Is a sandbox right for you? and decided a sandbox is a good fit for your regulatory context and needs, you can begin to design your own. This process begins with creating an initial sandbox design proposal – a first version, or ‘prototype’ of the sandbox that explains the essentials of what it will do and how it will work.
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