19305830, 69U-130.001 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 19305830

Notice of Proposed Rule

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

FSC - Financial Institution Regulation

Chapter:

INTERNATIONAL TRUST COMPANY REPRESENTATIVE OFFICES

Overview

RULE:

69U-130.001	Scope
69U-130.101	Definitions
69U-130.102	Applications
69U-130.103	Application for Establishment of Separate International Trust Company Representative Offices
69U-130.104	Reciprocity
69U-130.105	Principles of Adequate Supervision of an International Trust Entity’s Foreign Establishments
69U-130.106	Capital Accounts
69U-130.107	Surrender of License
69U-130.108	Service of Process
69U-130.109	Interim Operational Plan
69U-130.110	Examination Fees

PURPOSE:

The Office of Financial Regulation proposes to create new rules under Chapter 69U-130, F.A.C., to implement Ch. 2017-83, Laws of Florida (International Financial Institutions), signed into law on June 9, 2017.  The legislation requires the Financial Services Commission to implement some of its provisions by rule.

SUMMARY:

Chapter 69U-130, F.A.C., will govern the regulation of International Trust Company Representative Offices.

RULEMAKING AUTHORITY:

655.012(2), 663.406(4), 663.406(5), 663.406(6), 663.406(9), 663.407(4), 663.408(2), 663.408(4), 663.4081(2), 663.411, 663.413, 663.414 FS.

LAW:

663.406, 663.407, 663.408(2), 663.408(4), 663.4081, 663.411, 663.413, 663.414 FS.

PRINT PUBLISH DATE:

8/18/2017 Vol. 43/161

COMMENTS:

From 8/18/2017 To 9/8/2017 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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