BSP Cir. 1153: Regulatory Sandbox Framework

Objective. Todiscuss the salient features of Circular No. 1153.

1. Brief Description:

A regulatory sandbox generally serves as a controlled environment wherein participants are allowed to test and offer new products and services in the market notwithstanding the lack of applicable regulatory policy. This session aims to provide information on the salient provisions of BSP Circular No. 1153 on Regulatory Sandbox Framework, including the oversight structure, the expected minimum controls under the sandbox environment, and the end-to-end process from application to completion of sandbox activities.

2. Course Outline:

· Policy Objective

· Coverage

· Oversight Framework

· Operational Guidelines

· Alternative Approaches

· Q&A

3. Target Participants: All Bank Officers/Employees

4. Date/Time:

02 March 2023 (2:00 PM – 3:00 PM)

SUBJECT MATTER EXPERTS:

JOVELYN M. HAO, MMPA, CPA, CISA, CRISC, CIPSI

Fintech Innovation and Policy Research Group

Technology Risk and Innovation Supervision Department

Bangko Sentral ng Pilipinas

KIM JAYSON V. TORDA, CPA, MBA, CISA, CRISC, CPISI

Bank Officer V

Fintech Innovation and Policy Research Group

Technology Risk and Innovation Supervision Department

Bangko Sentral ng Pilipinas

TRAINING FEE PER PARTICIPANT:

From Member Institution – P2,800.00

From Non-Member Institution – P3,920.00

**VAT Inclusive