The FCA has announced that it is accepting applications to cohort 5 of its regulatory sandbox. The deadline for applications is 30 November 2018 and the FCA advises firms to read its application guidance prior to applying. The regulatory sandbox allows businesses to test innovative propositions in the market, with real customers. Firms can test their innovative products in a controlled environment and the sandbox reduces time-to-market at a potentially lower cost. The sandbox will support firms in identifying appropriate consumer protection safeguards to build into new products and services.