The Office of Financial Regulation is developing new rules under Chapter 69U, Florida Administrative Code, to implement Ch. 2017-83, Laws of Florida (International Financial Institutions), signed into law on June 9, 2017.

 

DEPARTMENT OF FINANCIAL SERVICES

FSC - Financial Institution Regulation

RULE NOS.:RULE TITLES:

69U-130.001Scope

69U-130.101Definitions

69U-130.102Applications

69U-130.103Application for Establishment of Separate International Trust Company Representative Offices

69U-130.104Reciprocity

69U-130.105Principles of Adequate Supervision of an International Trust Entity’s Foreign Establishments

69U-130.106Capital Accounts

69U-130.107Surrender of License

69U-130.108Service of Process

69U-130.109Interim Operational Plan

69U-130.110Examination Fees

PURPOSE AND EFFECT: The Office of Financial Regulation is developing new rules under Chapter 69U, Florida Administrative Code, to implement Ch. 2017-83, Laws of Florida (International Financial Institutions), signed into law on June 9, 2017.

SUBJECT AREA TO BE ADDRESSED: Regulation of International Trust Company Representative Offices.

RULEMAKING AUTHORITY: 655.012(2), 663.406(4), 663.406(5), 663.406(6), 663.406(9), 663.407(4), 663.408(2), 663.408(4), 663.4081(2), 663.411, 663.413, 663.414 FS.

LAW IMPLEMENTED: 663.406, 663.407, 663.408(2), 663.408(4), 663.4081, 663.411, 663.413, 663.414 FS.

A RULE DEVELOPMENT WORKSHOP WILL BE HELD AT THE DATE, TIME AND PLACE SHOWN BELOW:

DATE AND TIME: July 17, 2017, 8:00 a.m. to 12:00 p.m.

PLACE: Florida Office of Financial Regulation (Rhodes Building) 401 NW 2nd Ave., Room N106, Miami, FL 33128-1796

THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE DEVELOPMENT AND A COPY OF THE PRELIMINARY DRAFT, IF AVAILABLE, IS: Jodi-Ann Livingstone, Division of Financial Institutions, [phone], [e-mail]

THE PRELIMINARY TEXT OF THE PROPOSED RULE DEVELOPMENT IS AVAILABLE AT NO CHARGE FROM THE CONTACT PERSON LISTED ABOVE.