“Regulatory sandboxes” are closed testing environments in which participating companies can experiment with innovative business models or products with a reduced regulatory burden or expedited regulatory decisions.
“Regulatory sandboxes” come in many shapes. The term itself often has various connotations. Sandboxes may be adopted in order to support innovation and the development of innovative new products, services or business models. They may contribute to fostering a services system that is more efficient and manages risks more effectively. By using sandboxes, regulators may also gain a better understanding of how emerging technologies and business models interact with the regulatory framework.
The webinar will draw on the experiences of the already functioning AI sandboxes in Norway, Spain, Switzerland and input from industry with a view to exploring various advantages they offer, consider risks and costs associated with those advantages and propose best practices that policymakers could use to mitigate them.
Link to the webinar video.
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