The Central Bank of the Bahamas has issued its proposed Guidance Note for Participation in the Regulatory Sandbox Framework for a 15-day consultation. The draft sets out the requirements for prospective applicants and existing supervised financial institutions to test innovative products, services, business models, delivery channels and digital technology platforms in a controlled regulatory environment. The sandbox is intended to support responsible financial innovation within a risk-based supervisory and regulatory framework while improving access to financial services for unbanked and underserved segments of the Bahamian economy. It also gives the Central Bank a basis to assess the viability of proposed business models and their potential impact on the domestic financial services sector. Comments from financial institutions, technology providers, industry associations and other stakeholders are invited by 12 June 2026 and will be considered in finalising the Guidance Note.
Central Bank of the Bahamas2026-05-22
Central Bank of the Bahamas opens 15 day consultation on regulatory sandbox participation guidance
The Central Bank of the Bahamas has published a proposed Guidance Note on participation in its Regulatory Sandbox Framework, setting out requirements for applicants and supervised financial institutions to test innovative products, services, business models and digital technology platforms in a controlled environment. The sandbox aims to support responsible financial innovation within a risk-based framework, improve access to financial services for underserved segments, and allow the Central Bank to assess the viability and impact of new business models on the domestic financial sector.