69V-560.606. Annual Filing of Financial Audit Reports by Part II Licensees  

Effective on Thursday, November 28, 2019
  • 1(1) Each licensed money transmitter and payment instrument seller shall annually submit financial audit reports to the Office in accordance with Section 23560.209(2), F.S., 25for the licensee’s most recent fiscal year.

    32(2) Annual financial audit reports must be received by the Office within one hundred twenty (120) days after the licensee’s fiscal year end.

    55(3) A report is “past due” if it is received by the Office one or more days beyond the period defined in subsection (2).

    79(4) For purposes of adding new locations or authorized vendors, a Part II licensee may rely upon its annual financial audit reports that were received by the Office in a timely manner as required in subsections (1) and (2) of this rule.

    121(5) Financial audit reports must be submitted through the Office’s REAL System at 134www.flofr.com135. Any person may request an exemption from the electronic filing requirements of this rule due to a technological or financial hardship by submitting Form OFR-560-08, Request for Exemption from Electronic Filing Requirements, to: Office of Financial Regulation, Division of Consumer Finance, Bureau of Registration, 200 East Gaines Street, Tallahassee, FL 32399-0376. The Office will provide any person granted an exemption from the electronic filing requirement with instructions on how to file the financial audit report in paper format. Form OFR-560-08 is incorporated by reference in Rule 22269V-560.1012, 223F.S.

    224Rulemaking Authority 226560.105, 227560.118 FS. 229Law Implemented 231560.118, 232560.209 FS. 234History–New 11-4-01, Formerly 3C-560.606, Amended 7-15-07, 1-13-09, 11-28-19.