Source: OJ L 2024/2847, 20.11.2024
ENRecital 97 Regulatory sandboxes
The objectives of regulatory sandboxes should be to foster innovation and competitiveness for businesses by establishing controlled testing environments before the placing on the market means the first making available of a product with digital elements on the Union market; of products with digital elements means a software or hardware product and its remote data processing solutions, including software or hardware components being placed on the market separately;. Regulatory sandboxes should contribute to improve legal certainty for all actors that fall within the scope of this Regulation and facilitate and accelerate access to the Union market for products with digital elements means a software or hardware product and its remote data processing solutions, including software or hardware components being placed on the market separately;, in particular when provided by microenterprises, ‘small enterprises’ and ‘medium-sized enterprises’ mean, respectively, microenterprises, small enterprises and medium-sized enterprises as defined in the Annex to Recommendation 2003/361/EC; and small enterprises means a financial entity that employs 10 or more persons, but fewer than 50 persons, and has an annual turnover and/or annual balance sheet total that exceeds EUR 2 million, but does not exceed EUR 10 million;, including start-ups.