Consultation opened
03/04/2024
Consultation closed
29/05/2024
Policy Statement
30/09/2024
30/09/2024
We, alongside the Bank of England, are publishing our Policy Statement and Final Guidance to launch the Digital Securities Sandbox (DSS).
DSS joint Bank of England and FCA Policy Statement
The DSS will allow participants to use developing technologies, such as distributed ledger technology (DLT), to undertake the activities traditionally associated with Central Securities Depositories and trading venues.
Firms will be able to explore the benefits of these new technologies and practices in traditional financial markets.
We’ll work together with the Bank to operate the DSS, which will have 3 overarching aims:
Following the feedback received to CP24/5, which closed on 29 May, we and the Bank have made targeted changes to our approach. This includes broadly finalising the rules, with some changes.
In particular: