Relating to authorizing the Commissioner of Financial Institutions to promulgate a legislative rule relating to the Fintech Regulatory Sandbox Program.

HB 4240 authorizes West Virginia's Commissioner of Financial Institutions to establish a specific regulatory rule (106 CSR 21) for the state's Fintech Regulatory Sandbox Program. This procedural bill directly affects fintech companies seeking to test new financial products in a controlled environment and the Commissioner's office, which gains authority to create the program's operational rules. The key mechanism is the formal authorization to promulgate the existing rule (106 CSR 21), which outlines how the sandbox program will operate. The bill does not change substantive policy but enables the Commissioner to implement the program's framework.