What is a regulatory sandbox?

The regulatory sandbox is a controlled environment where supervised entities and FinTech operators will be able to test, for a limited period of time, technologically innovative products and services in the banking, financial and insurance sectors. The tests will take place in close liaison with the supervisory authorities and can eventually benefit from a simplified transitional regime.

In Italy, Decree 100/2021 issued by the Ministry of Economy and Finance, implementing the delegated act envisaged under Decree Law 34/2019 ('Growth Decree'), sets out the 'FinTech Committee rules and experimentation', i.e. the regulatory sandbox of FinTech activities at the supervisory authorities.


Through the sandbox, the supervisory authorities aim to support the growth and development of the Italian FinTech market, thanks to the introduction of innovative models in the banking, financial and insurance sectors, while guaranteeing adequate levels of consumer protection and competition, and safeguarding financial stability.

At the same time, the supervisory authorities can observe the latest technological developments and identify the most appropriate and effective regulatory interventions to facilitate the development of FinTech, thereby limiting the spread of potential new risks from the outset.

By participating in the sandbox, operators can test innovative products and services in constant dialogue with the supervisory authorities, also requesting that applicable regulations be waived for the purpose of the test.

Presentation of the projects - Cohort 2023

The application window for the second sandbox cohort will be open from 3 November to 5 December 2023.

There are no limits on the maximum number of applications or on the thematic areas of the proposed projects in this period.

Applicants can start informal talks with the Bank of Italy ahead of the application window by filling in this form and sending it to info.sandbox@bancaditalia.it.

For projects involving the financial or insurance sector, please check the websites of the competent authorities, i.e. Consob and Ivass.

For more information on how to participate in this project, please see the dedicated page 'Admission to the test'.

Admitted projects

A list of the projects selected for testing is available in the 'Projects admitted to the Regulatory Sandbox' section.

Press releases



  1. 27 July 2023 Regulatory Sandbox: Second Application Window for New Fintech Projects from 3 November to 5 December 2023 From 3 November to 5 December 2023, it will be possible to submit applications for admission to the Regulatory Sandbox. By taking part in the Regulatory Sandbox, pursuant to Ministry of Economy and Finance Decree 100 of 30 April 2021, supervised…
  2. 30 September 2021 The application window for the first cohort of the regulatory sandbox will open soon Bank of Italy, Consob, and Ivass have decided that the application window for the first cohort of the regulatory sandbox will open on 15 November 2021 until 15 January 2022.
  3. 17 July 2021 The New Regulatory Sandbox of the Bank of Italy The FinTech Committee and the regulatory sandbox for digitizing Italian financial services have been launched today. Please, visit the regulatory sandbox's page.