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The House of Lords (Financial Services Regulation Committee) has launched an inquiry, with an accompanying call for evidence, into the use of regulatory sandboxes in UK financial services.
The inquiry will assess whether sandboxes are driving innovation and competition, and whether they offer public benefit and value for money. The call for evidence seeks views on topics including firms’ experience of participation, how sandbox insights inform the development of regulation for emerging technologies, and whether safeguards adequately protect consumers and markets — including new risks posed by the use of sandboxes to test agentic AI. The Committee will also compare the UK’s approach with sandbox regimes in other jurisdictions.
Responses are due by 23 October 2026.
About the author(s)
Duncan is a Principal Associate in the Funds and Financial Services team specialising in financial services regulation.
Duncan advises clients across a wide range of sectors including banking, consumer finance, payment services, insurance, asset management and pensions with a particular focus on retail banking, regulated credit and payment services.