Square, Inc.; on April 10, 2017, the Office of Financial Regulation received the petition for declaratory statement from Square, Inc. Petitioner is a licensed money transmitter under Chapter 560, Part II, Florida Statutes. Petitioner facilitates ...

 

DEPARTMENT OF FINANCIAL SERVICES

Finance

NOTICE IS HEREBY GIVEN that the Office of Financial Regulation has received the petition for declaratory statement from Square, Inc. The petition seeks the agency’s opinion as to the applicability of Rule 69V-560.703(2)(c), as it applies to the petitioner.

On April 10, 2017, the Office of Financial Regulation received the petition for declaratory statement from Square, Inc. Petitioner is a licensed money transmitter under Chapter 560, Part II, Florida Statutes. Petitioner facilitates processing of tax and wage payments by U.S. businesses for their U.S. employees. Petitioner’s money transfer services are accessible solely via its Internet website and mobile device application. Petitioner does not provide money transfer services through physical locations or authorized vendor locations. The petition seeks a declaratory statement from the Office on whether requirements under Rule 69V-560.703(2)(c), Florida Administrative Code, apply to the Petitioner.

A copy of the Petition for Declaratory Statement may be obtained by contacting: Agency Clerk, Office of Financial Regulation, P.O. Box 8050, Tallahassee, Florida 32314-8050, [phone], [e-mail].

Please refer all comments to: Agency Clerk, Office of Financial Regulation, P.O. Box 8050, Tallahassee, Florida 32314-8050, [phone], [e-mail].