23677523, 69V-559.1000 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 23677523

Notice of Proposed Rule

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

Finance

Chapter:

FINANCIAL TECHNOLOGY SANDBOX

Overview

RULE:

69V-559.1000	Disciplinary Guidelines
69V-559.1012	Adoption of Forms
69V-559.1013	Electronic Filing of Forms and Fees
69V-559.102	Application or Appointment Procedures and Requirement
69V-559.1021	Application Evaluation
69V-559.103	Application for Branch Offices and Appointment of Authorized Vendors
69V-559.104	Changes to License Information
69V-559.105	Application for Extension
69V-559.200	Operation of the Financial Technology Sandbox
69V-559.201	Bi-Annual Reports
69V-559.300	Net Worth, Bond, and Liquid Assets
69V-559.800	Conclusion of Sandbox Period and Business Operations

PURPOSE:

The purpose and effect of the new rules is to implement the provisions of section 559.952(10), F.S., allow for the adoption of certain forms to implement the provisions of section 559.952, F.S., allow applicants and licensees to file all required forms electronically and to pay all required fees electronically, set forth the application procedure and requirements for filed applications, set forth the evaluation process for completed application, specify information that certain licensees must provide in connection with the commencement of operations at branch offices or through authorized vendors, implement section 559.952(5)(g), F.S., implement the provisions of sections 559.952(7)(a) and (b), F.S., implement the provisions of section 559.952(6)(c), F.S., implement the provisions of section 559.952(8), F.S., detail net worth and surety bond requirements, and implement the provisions of section 559.952(7)(c), F.S.

SUMMARY:

The new rules will implement the provisions of section 559.952(10), F.S., allow for the adoption of certain forms to implement the provisions of section 559.952, F.S., allow applicants and licensees to file all required forms electronically and to pay all required fees electronically, set forth the application procedure and requirements for filed applications, set forth the evaluation process for completed application, specify information that certain licensees must provide in connection with the commencement of operations at branch offices or through authorized vendors, implement section 559.952(5)(g), F.S., implement the provisions of sections 559.952(7)(a) and (b), F.S., implement the provisions of section 559.952(6)(c), F.S., implement the provisions of section 559.952(8), F.S., detail net worth and surety bond requirements, and implement the provisions of section 559.952(7)(c), F.S.

RULEMAKING AUTHORITY:

559.952(5), 559.952(6)(c), 559.952(8), 559.952(11)(a)

LAW:

559.952(4), 559.952(4)(a), 559.952(5), 559.952(5)(h), 559.952(6)(b), 559.952(6)(c), 559.952(7)(a), 559.952(7)(b), 559.952(7)(c), 559.952(8), 559.952(9), 559.952(10), 559.952(11)(a), 943.053

PRINT PUBLISH DATE:

10/1/2020 Vol. 46/192

COMMENTS:

From 10/1/2020 To 10/22/2020 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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