On October 15, 2018, the U.K. FCA announced that the application window had opened for cohort five of its regulatory sandbox. The FCA announced the successful applicants to the previous cohort in July 2018.

The FCA's sandbox is part of the FCA's Project Innovate, which was launched in 2014. The regulatory sandbox has been in operation since 2016 and provides a controlled environment for firms that satisfy the relevant eligibility criteria to test innovative products and services with real customers.

The deadline for completed applications for cohort five is November 30, 2018.

The FCA webpage is available at: https://www.fca.org.uk/firms/regulatory-sandbox and details of the successful applicants to cohort four are available at: https://finreg.shearman.com/uk-regulator-announces-successful-applicants-to-c.

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