Section 40-29-108 - Extension of Sandbox Period. Note: This Is Effective as of 1/1/2020.

WY Stat § 40-29-108 (2019) (N/A)

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40-29-108. Extension of sandbox period. Note: this is effective as of 1/1/2020.

(a) A person granted authorization under W.S. 40-29-104(f) may apply for an extension of the initial sandbox period for not more than twelve (12) additional months. An application for an extension shall be made not later than sixty (60) days before the conclusion of the initial sandbox period specified by the commissioner or secretary. The commissioner or secretary shall approve or deny the application for extension in writing not later than thirty-five (35) days before the conclusion of the initial sandbox period. An application for extension by a person shall cite one (1) of the following reasons as the basis for the application and provide all relevant supporting information that:

(i) Statutory or rule amendments are necessary to conduct business in Wyoming on a permanent basis; or

(ii) An application for a license or other authorization required to conduct business in Wyoming on a permanent basis has been filed with the appropriate office and approval is currently pending.

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Section 40-29-107 - Revocation or Suspension of Financial Technology Sandbox Authorization. Note: This Is Effective as of 1/1/2020.

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Section 40-29-109 - Rules and Orders; Enforcement of Bond; Restitution; Applicability of Wyoming Administrative Procedure Act. Note: This Is Effective as of 1/1/2020.