The Central Bank of Brunei Darussalam has amended its Guidelines on the FinTech Regulatory Sandbox, expanding eligibility so qualified financial institutions can test new technologies and innovative solutions alongside FinTech companies. The change broadens the sandbox’s scope as a controlled testing environment and is intended to support inclusive and responsible innovation in Brunei Darussalam’s financial sector. The amendments also refine the criteria for assessing whether proposed solutions are suitable for sandbox testing and update the application form to align with current regulatory standards and requirements. The sandbox continues to operate within defined parameters, with safeguards and regulatory oversight intended to protect consumers, preserve market stability and maintain compliance while supporting industry collaboration and the adoption of new financial solutions.
Central Bank of Brunei Darussalam2026-05-21
Central Bank of Brunei Darussalam amends FinTech sandbox rules to admit qualified financial institutions
The Central Bank of Brunei Darussalam has amended its Guidelines on the FinTech Regulatory Sandbox to expand eligibility to qualified financial institutions alongside FinTech companies, broadening the sandbox’s scope as a controlled testing environment. The amendments refine suitability criteria for sandbox testing and update the application form, while maintaining safeguards and regulatory oversight to protect consumers, preserve market stability and support industry collaboration.