Audit mandate regarding regulatory sandboxes

Rigid regulations can stifle innovation and make it difficult for start-ups and small and medium-sized enterprises (SMEs) to enter the market. Therefore, the question arises: How can we design innovation-friendly regulations? And how can obsolete regulations be adapted to new technological developments? With this in mind we are examining the use of «regulatory sandboxes» on behalf of the State Secretariat for Economic Affairs (Seco).