SEO
Home / News

“Sandbox” in Iran Capital Market

“Sandbox” is a modern approach that has being considered by the capital market supervisory and regulatory bodies in the field of finance.

 

“Sandbox” is a modern approach that has being considered by the capital market supervisory and regulatory bodies in the field of finance.

Sandbox provides a platform for testing new and innovative models and patterns so that businesses can be temporarily tested under certain conditions, away from bureaucracy and lengthy licensing processes, and if successful, start a permanent business path.

Supervisory bodies - in addition to monitoring the activities related to the aspects and complexities of the dimensions of the work - may also use the control mechanisms in Sandbox, gaining the necessary knowledge, and providing the necessary rules and regulations to carry out permanent activities for such businesses.

It is worth mentioning that the Iranian capital market, after months of experience in providing various services to startups, fintech, and other innovative ecosystem activities, launched Sandbox to provide a simulated environment with real market conditions for testing and developing financial innovations to applicants.

Eligible applicants for innovative products and services based on new technologies in the capital market can register their application and documents for admission in the test environment in the Irantama system at https://www.irantama.ir.

Iran Financial Center (IFC) was appointed as the executor of the Sandbox for the coming two years.