26377809, 69U-162.003 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 26377809

Notice of Proposed Rule

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

FSC - Financial Institution Regulation

Chapter:

FAMILY TRUST COMPANIES

Overview

RULE:

69U-162.003	Application for License as a Licensed Family Trust Company
69U-162.004	Application to Register as a Family Trust Company
69U-162.005	Application to Register as a Foreign Licensed Family Trust Company
69U-162.006	Annual Renewal

PURPOSE:

The OFR proposes to amend Rules 69U-162.03, 69U-162.004, 69U-162.005, and 69U-162.006, F.A.C., to revise incorporated forms OFR-162-02, OFR-162-03,  and OFR-162 to conform with and implement Ch. 2022-178, Laws of Florida (Financial Institutions), signed into law on June 8, 2022.

SUMMARY:

Form OFR-162-01 will be amended to update the requirements a financial institution must meet in order to be a depository at which a licensed family trust company may maintain its deposit accounts. Form OFR-162-02 will be amended to update the requirements a financial institution must meet in order to be a depository at which a family trust company may maintain its deposit accounts. Form OFR-162-03 will be amended to update the requirements a financial institution must meet in order to be a depository at which a foreign licensed family trust company may maintain its deposit accounts. Rule 69U-162.006, F.A.C., and the incorporated Form OFR-162-04 will be amended to incorporate clarifying language from statute regarding the deadline for renewal applications.

RULEMAKING AUTHORITY:

662.140

LAW:

662.111(2), (8), (9) (10), (11), (12), (12)(d), (15), 662.112, 662.120(1), 662.121(1)-(11), 662.122(1)-(5), 662.1215(1)-(4), 662.1225(1), (2), 662.123, 662.123(1), (2), 662.124, 662.125, 662.125(1), (2), 662.126, 662.126(1), (2), (3), (4), 662.127, 662.128, 662.130(1)(c), (e), 662.132, 662.134

PRINT PUBLISH DATE:

10/6/2022 Vol. 48/195

COMMENTS:

From 10/6/2022 To 10/27/2022 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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