13461774, 69U-140.020 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 13461774

Notice of Development of Rulemaking

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

FSC - Financial Institution Regulation

Chapter:

INTERNATIONAL BANKS

Overview

RULE:

69U-140.020

Semiannual Assessment

PURPOSE:

The proposed amendment to Rule 69U-140.020, F.A.C., creates additional monetary assessment tiers to extend declining assessments rates for agencies with assets from $2.5B up to and exceeding $10B.  This will generally reduce the assessments due for international agencies with assets exceeding $2.5B.  Currently, the rule provides for declining assessments until reaching a flat assessment rate for agencies with total assets over $1B.  The proposed rule amendment also corrects a mathematical error in the calculation of the base assessments for the current monetary assessment tiers from $500M to $2.5B and includes the statutory minimum assessment and late payment penalty amounts.

SUBJECT:

Financial Institution Regulation – International Banking Agency Semiannual Assessment.

RULEMAKING AUTHORITY:

655.012(2), 663.12, 663.13 FS.

LAW:

663.12 FS.

PRINT PUBLISH DATE:

9/3/2013 Vol. 39/171

RELATED STATUTES
AND LAWS:

655.012(2), 663.12, 663.13 FS., 663.12 FS.

OVERSIGHT COMMITTEE:

Joint Administrative Procedures Committee
Florida Administrative Law Central Online Network (F.A.L.C.O.N.)

RELATED COURT CASES:

Division of Administrative Hearings

FEDERAL eRULEMAKING
WEB PORTAL:

Regulations.gov

HOW TO LINK TO
THIS NOTICE:

http://flrules.org/gateway/ruleno.asp?id=69U-140.020&PDate=9/3/2013&Section=1

REFERENCE MATERIALS:

No reference(s).

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