The Law allows companies to create sandboxes, or controlled testing environments, to enable financial market operators to implement technology-based financial innovation projects, with the involvement of the relevant supervisory authorities. Thus, Spain joins a small group of countries that are launching a pioneering initiative of this kind, which is designed to encourage the implementation of innovative technological solutions in the area of financial services.
In this Legal Briefing we analyse the main aspects of the Law, which we have summarised in this infographic.
The entire content of the Legal Briefing can be found in the PDF.