The Dubai Financial Services Authority has issued guidance outlining how FinTech firms can apply for special innovative testing licenses which will allow them to test new products or new technology for existing products without complying with all current industry regulations for up to 12 months. The new special license will only be issued to firms operating in or from the Dubai International Financial Centre and dealing with innovative FinTech. Moreover, the applicable products must be ready for live customer testing immediately to be eligible. (Click here to read more about the FinTech sandbox movement in general in the article “CFTC Creates New FinTech Initiative – A Lab, Not a Sandbox” in the May 21, 2017 edition of Bridging the Week.)