Starting Jan. 8, 2024, the Financial Services and Markets Act of 2023 will apply to companies participating in and applying to the Digital Security Sandbox, according to documents released Monday. 

UK-based investment exchanges, recognized central counterparties and central securities depositories and investment firms are permitted to apply to participate in the sandbox, the regulations state. 

The program is designed for applicants looking to operate trading venues and intermediaries providing services to digital asset companies. 

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