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Thus, the social security, reinsurance, large risks and civil liability segments are excluded. Following the insurance sector, the next to accelerate the practice of innovation through regulatory sandbox should be the capital market. This is because the Securities and Exchange Commission (CVM) already announced in June the creation of its Sandbox Committee.
The body will establish the strategic nucleus and the operational group that will be responsible for defining the terms and complementary procedures USA Phone Number List for the participant admission process. Among the benefits intended by the CVM with the sandbox is the increased visibility and traction of innovative business models, with possible positive impacts on their attractiveness to venture capital.
In addition, the intention is to seek to increase competition between service providers and suppliers of financial products in the securities market, as well as to improve the regulatory framework applicable to regulated activities. In a third moment, the Central Bank itself will also have its sandbox version coming into operation, with the capture of products and services within the scope of the National Financial System or the Brazilian Payment System.
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