Deadline for submission of applications to participate in second phase of Regulatory Sandbox extended

16-01-2025

January 16, 2025, Baku: The deadline for submission of applications to participate in the second phase of the Regulatory Sandbox, which provides testing of innovative products on a limited scale under the supervision of the Central Bank, has been extended. Thus, the period for accepting applications will continue to run until February 15, 2025.

The innovative financial products meeting the criteria of the Regulatory Sandbox will be tested based on the contract to be concluded with the Central Bank.

The documents and information required for participation in the testing pursuant to paragraph 4.2 of the "Regulation on the application of the Regulatory Sandbox" may be submitted to the Central Bank via a dedicated website (sandbox.cbar.az) or in  writing.

For questions regarding the Regulatory Sandbox, please contact sandbox@cbar.az.