Purpose
Section 20.121(3), F.S., sets forth the powers and general organizational structure of the Office of Financial Regulation. Section 20.121(3)(a)1., F.S., requires the Office of Financial Regulation to have a Bureau of Financial Investigations. Pursuant to Section 20.121(3)(b), F.S., the Financial Services Commission is required to establish any additional structure for the office that it believes is necessary to promote efficiency and accountability. The Office's current organizational structure is set forth in Rule 69T-1001, F.A.C. The proposed amendments update the rule to reflect changes to the organizational structure that will promote efficiency and accountability. Among other things, the rule amendments rename organizational units to more accurately reflect their function and focus, and the amendments consolidate two units in the finance area to streamline operations.