26276444, 69U-140.015 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 26276444

Notice of Development of Rulemaking

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

FSC - Financial Institution Regulation

Chapter:

INTERNATIONAL BANKS

Overview

RULE:

69U-140.015

Capital Equivalency or Asset Maintenance

PURPOSE:

The purpose and effect is to amend existing rule to conform with and implement Chapter No. 2022-178, Laws of Florida, which was signed into law on June 8, 2022. The legislation updated the requirements a bank must meet in order to be a depository at which an international bank agency or international branch may maintain its dollar deposits or investment securities, and the rule will be updated to include these requirements.

SUBJECT:

Regulation of Financial Institutions

RULEMAKING AUTHORITY:

655.012(2), 663.13, 663.07(1), F.S.

LAW:

663.07(1), (3), (5), (7), (9), 663.12(4) F.S.

PRINT PUBLISH DATE:

9/12/2022 Vol. 48/177

RELATED STATUTES
AND LAWS:

655.012(2), 663.13, 663.07(1), F.S., 663.07(1), (3), (5), (7), (9), 663.12(4) F.S.

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-140.015&PDate=9/12/2022&Section=1

REFERENCE MATERIALS:

No reference(s).

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