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Florida Administrative Code (Last Updated: June 27, 2024) |
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69. Department of Financial Services |
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69V. Finance |
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69V-559. FINANCIAL TECHNOLOGY SANDBOX |
1In accordance with Section 5559.952(6)(c), F.S., 7the 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:
59(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;
87(2) Any restrictions imposed on the licensee by the state, federal, or foreign regulatory agency;
102(3) The effective date and expiration date of the agreement;
112(4) Identification of the licensee’s information maintained by the Office that may be shared with the state, federal, or foreign regulatory authority;
134(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 158559.952(5)(h)1., F.S.; 160and
161(6) The name, address, telephone number, and email address of contact person for both parties for questions related to the agreement.
182Rulemaking Authority 184559.952(6)(c), 185559.952(11)(a) FS. 187Law Implemented 189559.952(5)(h), 190559.952(6)(c), 191559.952(11)(a) FS. 193History–New 1-18-21.
