The Office of Financial Regulation, Division of Financial Institutions proposes to develop a new rule chapter in the Florida Administrative Code to implement Chapter 662, F.S., Family Trust Companies. The purpose and effect of the rules is to ...

 

DEPARTMENT OF FINANCIAL SERVICES

FSC - Financial Institution Regulation

RULE NOS.:RULE TITLES:

69U-162.001Scope

69U-162.002Definitions

69U-162.003Application for License as a Licensed Family Trust Company

69U-162.004Application to Register as a Family Trust Company

69U-162.005Application to Register as a Foreign Licensed Family Trust Company

69U-162.006Annual Renewal

69U-162.007Records

69U-162.008Examination

69U-162.009Application Process and Forms

69U-162.010Notification of Proposed Appointment

69U-162.011Discontinuing Business

69U-162.012Quarterly Reporting of Capital Account, Fidelity Bond, and Insurance

PURPOSE AND EFFECT: The Office of Financial Regulation, Division of Financial Institutions proposes to develop a new rule chapter in the Florida Administrative Code to implement Chapter 662, F.S., Family Trust Companies. The purpose and effect of the rules is to provide the forms and requirements for the licensing, registration, renewal, and regulation of family trust companies, licensed family trust companies, and foreign licensed family trust companies.

SUBJECT AREA TO BE ADDRESSED: Licensing, registration, renewal, and regulation of family trust companies, licensed family trust companies, and foreign licensed family trust companies.

RULEMAKING AUTHORITY: 662.140 FS.

LAW IMPLEMENTED: 662.111, 662.112, 662.120, 662.121, 662.1215, 662.122, 662.1225, 662.123, 662.124, 662.125, 662.126, 662.127, 662.128, 662.129, 662.130, 662.131, 662.132, 662.134, 662.141, 662.147, 662.150, 662.151 FS.

IF REQUESTED IN WRITING AND NOT DEEMED UNNECESSARY BY THE AGENCY HEAD, A RULE DEVELOPMENT WORKSHOP WILL BE NOTICED IN THE NEXT AVAILABLE FLORIDA ADMINISTRATIVE REGISTER.

THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE DEVELOPMENT AND A COPY OF THE PRELIMINARY DRAFT, IF AVAILABLE, IS: Leslie Bryson, Assistant General Counsel, Office of Financial Regulation, Division of Financial Institutions, 200 East Gaines Street, Tallahassee, Florida 32399, Telephone: [phone], Email address: [e-mail]

THE PRELIMINARY TEXT OF THE PROPOSED RULE DEVELOPMENT IS NOT AVAILABLE.