Section 69V-559.200 - Operation of the Financial Technology SandboxIn accordance with Section 559.952(6)(c), F.S., the Office may enter into an agreement with a state, federal, or foreign regulatory agency to allow licensees under the Financial Technology Sandbox to make their products or services available in other jurisdictions. The agreement shall be in the form of a mutually agreed Memorandum of Understanding which includes at a minimum:
(1) The terms by which a licensee may offer its products or services in such jurisdiction so long as it holds an active sandbox license in this state;(2) Any restrictions imposed on the licensee by the state, federal, or foreign regulatory agency;(3) The effective date and expiration date of the agreement;(4) Identification of the licensee's information maintained by the Office that may be shared with the state, federal, or foreign regulatory authority;(5) A statement that the state, federal, or foreign regulatory authority has sufficient public records exemptions to protect the licensee's information consistent with Section 559.952(5)(h)1., F.S.; and(6) The name, address, telephone number, and email address of contact person for both parties for questions related to the agreement.Fla. Admin. Code Ann. R. 69V-559.200
Rulemaking Authority 559.952(6)(c), 559.952(11)(a) FS. Law Implemented 559.952(5)(h), 559.952(6)(c), 559.952(11)(a) FS.
Adopted by Florida Register Volume 47, Number 002, January 5, 2021 effective 1/18/2021.