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UK’s FCA and Bank of England launch consultation for Digital Securities Sandbox

April 4, 2024


The consultation seeks to propose a suitable approach to how the DSS is run, including its rules and fee structures, alongside a draft guidance document for potential applicants.

The DSS aims to cultivate the use of emerging technologies, such as distributed ledger technology (DLT), beyond central securities depositories.

Set to last five years with plans to begin accepting applicants in summer 2024, the regime will allow firms seeking to operate in the issuance, trading and settlement of digital financial securities to tap these emerging technologies to develop their offerings under a set of rules and regulations.

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