About the Data Regulatory Sandbox
Data Regulatory Sandbox supports businesses by clarifying regulatory boundaries when innovating with data-driven technology and providing guidance to ensure compliance with data protection policies.
There are three stages in the Data Regulatory Sandbox:
- Providing Guidance
- Policy Prototyping
The stages are not necessarily sequential, and dependent on the company’s use case and readiness.
Key considerations to leverage Data Regulatory Sandbox
Innovative: The use case should demonstrate how data can be used to derive new value or creation of new products, which would not be possible under the current regulation
Benefit the public: The use case should not likely to have any adverse impact on the consumers
Ready and concrete use case: The use case should not be hypothetical. It should have sufficient interest from the relevant stakeholders and has clear outcomes
Risks assessment and mitigation: The risks and impact should be assessed and mitigated, and there should be reasonable effort to protect the interest of the individual