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-140.002Applications

69U-140.003Principles of Adequate Supervision of an International Banking Corporation's Foreign Establishments

69U-140.004: Application for the Establishment of Separate International Banking Agencies by a Qualified International Banking Corporation

69U-140.0045Interim Operational Plans

69U-140.005Surrender of Agency License

69U-140.006 Investment Services

69U-140.008Permissible Activities for an Agency

69U-140.015Capital Equivalency or Asset Maintenance

69U-140.016Capital Accounts and Capital Ratio Standards

69U-140.017Acceptances

69U-140.018Minimum Audit Procedures - International Bank Agencies

69U-140.019Financial Reports

69U-140.022Service of Process

69U-140.023Reciprocity

69U-140.120Examination 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 licensed offices of International Banking Corporations.

RULEMAKING AUTHORITY: 655.012(2), 655.045(3), 663.05(4), 663.05(5), 663.05(6), 663.05(9), 663.055(4), 663.06(2), 663.06(4), 663.0601(2), 663.061(3), 663.07(1), 663.083(1), 663.09, 663.11(1)(b)2., 663.12(3), 663.13 FS.

LAW IMPLEMENTED: 48.081, 48.181, 48.193, 119.071(5)(a), 655.045(3), 658.95, 658.96, 663.02(1), 663.04, 663.05, 663.055, 663.06, 663.0601, 663.061, 663.07, 663.08, 663.083(1), 663.09, 663.10, 663.11, 663.12, 663.13 FS.

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

DATE AND TIME: July 18, 2017, 8:00 a.m. to 5:00 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.