The Centre prepared detailed comments on the Draft IFSCA FinTech Sandbox Framework and submitted them to the International Financial Services Centres Authority (IFSCA). Key recommendations emphasised the need to define 鈥渋nnovation鈥� objectively, avoid vague terminology, and adopt impact-based, technology-neutral definitions that align with international practice. Other recommendations included replacing rigid requirements, such as mandatory testing partners and a single extension limit, with a more flexible risk-based approach. The submission to IFSCA further emphasised that monitoring should rely on standardised reporting templates and, where necessary, independent verification. The work reflects the Centre鈥檚 continued commitment to engaging with public institutions through cutting-edge research and fostering dialogue between policymakers and academic institutions so that regulatory frameworks may continually evolve in line with the public interest.