Get Ready Feature

On the Regulatory Sandbox Readiness page:
- Choose a Country – Select the jurisdiction where you are applying for sandbox participation.
- Choose a Service – Select the type of financial service or product (e.g., Payment Services, Lending, etc.).
Once both selections are made, click Next Step to continue.

After selecting a country and service, the system will display the relevant regulatory body and the requirements for sandbox entry.

For example:

Regulatory Body: Central Bank of Liberia
Documents Required:
- Business Registration ID & Documents
- Tax ID or VAT Number
- Financial Information
- Information on Company Directors
- Completed Company Profile
- Completed Product Profile

In addition to the documentation, you must also prepare compliance and risk measures, For example, as below:

Anti-Money Laundering (AML) and Counter-Terrorism Financing (CFT) controls.
Cybersecurity measures for your product.
Risk and Mitigation services for customer protection.
Consumer Complaints Management system.
IT architecture, security, and control framework for the product.
Note: The regulator has sole discretion to assess applicant credibility and integrity.

Once you’ve reviewed all requirements, click Start Application.
You will be directed into the application process for the regulatory sandbox in the selected jurisdiction.

This step officially begins your sandbox process with the regulator.

Always select the correct country and service to ensure accurate requirements are displayed.
Review the document checklist before starting your application to avoid delays.
Confirm your internal compliance and risk controls are in place before applying.

The Get Ready feature helps organizations review and prepare for the requirements of the Regulatory Sandbox before applying. Ensures that applicants understand the compliance, documentation, and technical standards expected by regulators.