Utah § 63N-16-204 Requirements for exiting regulatory sandbox.

Utah Statutes

§ 63N-16-204 — Requirements for exiting regulatory sandbox.

Utah § 63N-16-204

Title 63NEconomic Opportunity Act

Ch. 63N-16Utah Office of Regulatory Relief

Part 63N-16-2General Regulatory Sandbox Program

This text of Utah § 63N-16-204 (Requirements for exiting regulatory sandbox.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 63N-16-204 (2026).

Text

(1)At least 30 days before the end of the 12-month regulatory sandbox demonstration period, a sandbox participant shall:

(1)(a) notify the regulatory relief office that the sandbox participant will exit the regulatory sandbox and discontinue the sandbox participant's demonstration after the day on which the 12-month demonstration period ends; or

(1)(b) seek an extension in accordance with Section 63N-16-205.

(2)Subject to Subsection (3), if the regulatory relief office does not receive notification as required by Subsection (1), the regulatory sandbox demonstration period ends at the end of the 12-month testing period.

(3)If a demonstration includes an offering that requires ongoing duties, the sandbox participant may continue to do so but will be subject to enforcement of the laws or

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(1) At least 30 days before the end of the 12-month regulatory sandbox demonstration period, a sandbox participant shall:

(1)(a) notify the regulatory relief office that the sandbox participant will exit the regulatory sandbox and discontinue the sandbox participant's demonstration after the day on which the 12-month demonstration period ends; or
(1)(b) seek an extension in accordance with Section 63N-16-205.
(2) Subject to Subsection (3), if the regulatory relief office does not receive notification as required by Subsection (1), the regulatory sandbox demonstration period ends at the end of the 12-month testing period.
(3) If a demonstration includes an offering that requires ongoing duties, the sandbox participant may continue to do so but will be subject to enforcement of the laws or regulations that were waived or suspended as part of the regulatory sandbox.