Authorizes the Commissioner of Financial Institutions to create rules for the Fintech Regulatory Sandbox Program.
The bill authorizes the Commissioner of Financial Institutions to establish a legislative rule for the Fintech Regulatory Sandbox Program. This program is designed to facilitate innovation in financial technology by allowing fintech companies to operate under specific regulatory conditions. The rule is intended to provide a controlled environment for testing new financial products and services.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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