That's a good question.
When it comes to regulatory sandboxes, in principle, Bill C‑15, as well as Budget 2025 more broadly, seek to establish a regulatory framework to accelerate innovation. The regulatory sandbox principle is used around the world, including in the European Union. The United Kingdom's financial sector alone has had regulatory sandboxes since 2016, which has allowed 700 firms to innovate and improve, and this has generated billions of dollars in economic spinoffs. Regulatory sandboxes will accelerate innovation in a world that sometimes needs more flexibility.
However, we are open to suggestions on effective oversight or monitoring mechanisms.