This bill amends the Code of West Virginia to authorize the Commissioner of Financial Institutions to promulgate a legislative rule concerning the Fintech Regulatory Sandbox Program. Specifically, it references the legislative rule filed in the State Register on February 3, 2025, which is identified as 106 CSR 21. The primary aim of this legislation is to provide a formal framework for the Fintech Regulatory Sandbox Program, allowing for innovation and development within the financial technology sector while ensuring regulatory oversight. The bill does not include any deletions from current law, as the section being amended is new.

Statutes affected:
Introduced Version: 64-7-1