Effective from Apr 19 2025 - Apr 18 2025
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Saudi Central Bank’s Regulatory Sandbox is open to:
	√	Innovators proposing new digital business models or concept: Innovators whose proposed solution involves a digital business model or concept that is not currently covered whether explicitly or implicitly under any existing Saudi Central Bank regulations.
	√	Innovators proposing non-regulated technology: Innovators whose proposed solution involves technologies, which are currently, not covered under existing Saudi Central Bank regulations.
Saudi Central Bank’s Regulatory Sandbox is not suitable for:
		Solutions that add little or no material value to similar solutions already deployed in the Kingdom.
		Technologies proposed are not at sufficient stage of maturity.
		Testing plans that are not sufficiently developed: Saudi Central Bank’s involvement in the finalization of testing plans is exclusively focused on regulatory matters. Innovators must approach Saudi Central Bank with a clear idea about the objectives of their testing plan and how they intend to achieve those.
		In addition, Saudi Central Bank’s Regulatory Sandbox cannot be used to:
			■	Circumvent legal and regulatory requirements.
			■	Test technology not intended to be subsequently deployed in the Kingdom.