Commissioner of Financial Institutions rule relating to Fintech Regulatory Sandbox Program

SB 339 authorizes the Commissioner of Financial Institutions to promulgate a legislative rule governing the Fintech Regulatory Sandbox Program, which enables fintech companies to test new financial products under temporary regulatory flexibility. The bill formally approves an existing rule (106 CSR 21) that was filed in the State Register on February 3, 2025. This procedural measure ensures the rule has legislative backing without altering the program's core structure or requirements. The rule directly affects fintech companies seeking to pilot innovations in a controlled environment with reduced compliance burdens.