Regulatory Sandbox [“RSB”] is a regulatory environment for conducting limited scale live tests of new products, services, processes, and/ or business models to assess that the regulatory environment will be conducive for such tests.

SECP has conceived and floated this innovative idea in Pakistan. RSB is the need of the hour especially due to present unpredictable business environment occasioned due to COVID-19 pandemic.

We would like to highlight that presently there are no enabling provisions in law, which would authorize, empower, and provide legitimacy to SECP to undertake such regulatory measures.