The CSA Regulatory Sandbox is an initiative of the Canadian Securities Administrators (CSA) to support fintech businesses seeking to offer innovative products, services and applications in Canada. It allows firms to register and/or obtain exemptive relief from securities laws requirements, under a faster and more flexible process than through a standard application, in order to test their products, services and applications throughout the Canadian market on a time limited basis.
The CSA Regulatory Sandbox is open to business models that are innovative from a Canadian market perspective. Applicants can range from start-ups to well established companies. Firms that want to apply should be ready to provide live environment testing, a business plan and a discussion of potential investor benefits (including how it will minimize investor risks).
Firms that do not meet these criteria can still apply to register or obtain relief through the standard application process.
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