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Following the entry into force of the decree of the Ministry of Economy and Finance of 30 April 2021, which governs the procedures for carrying out the experimentation in Italy of techno-finance activities (FinTech), the Bank of Italy, Consob and IVASS have established that the first time window for submitting applications for admission to the regulatory sandbox will be open from November 15, 2021 to January 15, 2022.
In the first window there were no limitations in terms of the maximum number and thematic area of eligible projects. The sandbox will make it possible to experiment with innovative solutions, benefiting from a simplified transitional regime and in constant dialogue with the sector Authorities.