Regulatory Sandbox

Since opening the Chicago Board of Trade in 1848, Illinois has been a leader in the financial industry ranking among the top cities in the world. As a result of our city’s deep history in the financial market we have leaders in the industry that call our state home. We also have one of leading startup communities in the United States. In order to stay competitive, we need to encourage and understand emerging industries. A regulatory sandbox is solution to give innovative financial products a way to test their services, under the close supervision of regulatory agencies, for a short period of time on a limited consumer base without going through rigorous process to be licensed first. We encourage legislators to continue to promote and encourage small businesses and entrepreneurs by establishing a regulatory sandbox.

Related Documents:
[101st GA Legislation: HB2825]