13620854, 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: 13620854

Notice of Proposed Rule

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 includes the statutory minimum assessment and late payment penalty amounts.

SUMMARY:

The proposed amendment creates additional monetary assessment tiers to extend declining assessments rates for agencies with assets from $2.5B up to and exceeding $10B. The proposed rule amendment also includes the statutory minimum assessment and late payment penalty amounts.

RULEMAKING AUTHORITY:

655.012(2), 663.12, 663.13 FS.

LAW:

663.12 FS.

PRINT PUBLISH DATE:

10/2/2013 Vol. 39/192

COMMENTS:

From 10/2/2013 To 10/23/2013 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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