The Canadian Securities Administrators joined a growing international movement by launching a regulatory sandbox – namely a regulatory initiative to support businesses offering innovative products in the financial services industry. After identifying their proposal to a local provincial securities regulator, the business may be required to test its technology in a live environment, submit a business plan and demonstrate potential investor benefits in order to participate in the sandbox. Innovative products that might be approved include online platforms such as crowdfunding portals and online lenders; business models using artificial intelligence for trades or recommendations; and cryptocurrency or distributed ledger-based ventures.