The purpose and effect is to amend existing rules and forms to conform with and implement Chapter No. 2022-178, Laws of Florida, which was signed into law on June 8, 2022. This legislation updates the requirements a financial ....

 

DEPARTMENT OF FINANCIAL SERVICES

FSC - Financial Institution Regulation

RULE NOS.:RULE TITLES:

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

PURPOSE AND EFFECT: The purpose and effect is to amend existing rules and forms to conform with and implement Chapter No. 2022-178, Laws of Florida, which was signed into law on June 8, 2022. This legislation updates the requirements a financial institution must meet in order to be a depository at which a licensed family trust company, family trust company, or foreign licensed family trust company may maintain its deposit accounts. The forms will be updated to reflect the new requirements.

SUBJECT AREA TO BE ADDRESSED: Regulation of Financial Institutions

RULEMAKING AUTHORITY: 662.140 F.S.

LAW IMPLEMENTED: 662.111(10), (11), (12), (15), 662.121(1)-(11), 662.122(2), (3), (4), (5), 662.1215(1)-(4), 662.1225(1), 662.123, 662.124, 662.125(1), (2), 662.126(1), (2), (3), (4), 662.127, 662.128, 662.130(1)(c), (e), 662.132, 662.134, F.S.

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: Ann Michelle Palecki, [phone], [e-mail]

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