Renewal of the interoperability regulatory sandbox
Article 7
1. Regulatory sandbox coordinators may decide to renew the interoperability regulatory sandbox under the following conditions: (a) the objectives of the interoperability regulatory sandbox have not yet been achieved; (b) the interoperability regulatory sandbox is not closed pursuant to Article 8. 2. In the case that the regulatory sandbox coordinators decide to renew the interoperability regulatory sandbox, they shall follow the procedure set out in Article 5. 3. In the case that the regulatory sandbox coordinators want to make substantial changes to the specific agreement, referred to in Article 2(1), including, among others, modifications regarding the number and the identity of the regulatory sandbox coordinators, or the extension of the initially agreed timeframe necessary to achieve the sandbox objectives, then the regulatory sandbox coordinators shall start the renewal procedure as set out in paragraph 2.