The Financial System Development Policies aim to promote inclusive development of the financial sector. On this page, you will find Financial System Development Policies issued by the Central Bank of Samoa in sequential order. More development policies will be included once they are developed and implemented.
No. 1: Central Bank of Samoa Regulatory Sandbox Framework
- The Regulatory Sandbox Framework is issued in accordance with section 6 (g) and (k) of the Central Bank of Samoa Act 2015.
- The Regulatory Sandbox is a special regulatory regime by the CBS, the Regulatory Sandbox will allow legal entities to test certain new, innovative and completed eligible financial products and services in a safe and controlled environment, prior to its deployment to the market.
- This policy framework aims to ensure that financial innovators and Financial Technology companies (FinTechs) have legal certainty in providing products and services which might not yet be fully regulated in Samoa but have significant potential to contribute enhancing financial inclusion efforts for Samoa’s economic development.
- The CBS Regulatory Sandbox Framework sets out the terms, requirements and the stages of the CBS Regulatory Sandbox. Interested applicants are required to familiarize themselves with the framework as well as the objectives and principles of the Regulatory Sandbox. Furthermore, early consultation with the CBS prior to submission is highly encouraged and recommended.
- The framework is effective from the 25th November 2024
Last updated 25 Nov 2024