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 purpose of this legislation is to provide the necessary legal framework for the implementation of the Fintech Regulatory Sandbox Program, which aims to foster innovation in financial technology within the state. The bill does not include any deletions from current law, as the section being amended is new and does not have any existing provisions that are being struck through.

Statutes affected:
Introduced Version: 64-7-1