The Centre prepared detailed comments on the Draft IFSCA FinTech Sandbox Framework and made its submission to the International Financial Service Centres Authority (IFSCA). Key recommendations emphasized on the need to define “innovation” objectively, avoid vague terminologies 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 emphasised that monitoring should rely on standardized reporting templates and, where necessary, independent verification. The work reflects Centre’s continued commitment to contribute and engage with public institutions through cutting edge research and build a dialogue between policymakers and academic institutions so that regulatory frameworks may continually evolve in line with public interest.