On March 5, 2026, the Hong Kong Monetary Authority ("HKMA"), the Securities and Futures Commission ("SFC"), the Insurance Authority ("IA"), and the Mandatory Provident Fund Schemes Authority ("MPFA") are inviting their regulatees to apply for participation in the GenA.I. Sandbox++, which expands the existing GenA.I. Sandbox to include securities, asset management, insurance, MPF, and stored value facility sectors.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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On March 5, 2026, the Hong Kong Monetary Authority ("HKMA"), the Securities and Futures Commission ("SFC"), the Insurance Authority ("IA"), and the Mandatory Provident Fund Schemes Authority ("MPFA") invite their regulated entities to participate in the expanded GenA.I. Sandbox++, which covers a broader range of financial sectors.
The original GenA.I. Sandbox, launched in 2024, created a controlled environment for banking sector institutions to develop and test AI-based solutions, demonstrating significant potential in enhancing operational efficiency, risk management, and customer engagement.
To build on this success, the regulators have collaborated with the Hong Kong Cyberport Management Company Limited (Cyberport) to expand the GenA.I. Sandbox. The new GenA.I. Sandbox++ will provide participants from various financial sectors access to advanced computational resources and technical support at Cyberport’s A.I. Supercomputing Centre.
Eligible institutions for the GenA.I. Sandbox++ include Authorized Institutions under the Banking Ordinance, Authorized Insurers and Licensed Insurance Broker Companies, MPF Approved Trustees and Principal Intermediaries, Licensed Corporations, and Stored Value Facility Licensees.
Collaboratory workshops will be held in partnership with technology firms to encourage the development of sector-specific and cross-sector AI applications. Applications for the GenA.I. Sandbox++ are open until 30 June 2026, and interested institutions should submit their applications through channels administered by their respective regulators.
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