SUSEP decided to suspend the Public Notice No. 1/2020 related to the selection of candidates for the Regulatory Sandbox, the term of which would have started on April 1, 2020, due to the novel coronavirus pandemic.
The measure is beneficial, as it would enable additional time for the market to analyze and prepare the innovation projects to be presented to SUSEP.
The new enforcement date of the Public Notice has not yet been defined and will be published in accordance with the developments of the current scenario.
Demarest’s Insurance and Reinsurance team is monitoring this subject and is available to provide any additional clarifications on the matter.