663.09 – Reports; records.
663.09 Reports; records.— (1) An international banking corporation doing business in this state shall, at such times and in such form as the commission prescribes, make written reports in the English language to the office, under the oath of one of its officers, managers, or agents transacting business in this state, showing the amount of its assets […]
663.10 – Conversion of license.
663.10 Conversion of license.— (1) An international banking corporation desiring to convert its existing federal agency or federal branch or Edge Act corporation into an international bank agency or international branch, or an Edge Act corporation which desires to convert to a state-chartered investment company shall submit to the office an application, on a form adopted by […]
663.11 – Termination of international banking corporation’s charter or authority.
663.11 Termination of international banking corporation’s charter or authority.— (1)(a) An international banking corporation that is licensed to maintain an office in this state may not continue to conduct its licensed business in this state if the international banking corporation: 1. Is dissolved, or its authority or existence is otherwise terminated or canceled in the jurisdiction of its […]
663.04 – Requirements for carrying on financial institution business.
663.04 Requirements for carrying on financial institution business.—An international banking corporation or any affiliate, subsidiary, or other person or business entity acting as an agent for, on behalf of, or for the benefit of such international banking corporation who engages in such activities from an office located in this state, may not transact a banking or […]
663.05 – Application for license; approval or disapproval.
663.05 Application for license; approval or disapproval.— (1) Every international banking corporation, before being licensed by the office to maintain any office in this state, shall subscribe and acknowledge, and submit to the office, an application which shall contain: (a) The name of the international banking corporation. (b) The proposed location by street and post office address and county […]
663.055 – Capital requirements.
663.055 Capital requirements.— (1) To qualify for a license under this part, the proposed capitalization of the international banking corporation must be in such amount as the office determines is necessary, taking into consideration the risk profile of the international banking corporation and the ability of the international banking corporation to operate a licensed office in a […]
663.06 – Licenses; permissible activities.
663.06 Licenses; permissible activities.— (1)(a) An international banking corporation licensed to operate an office in this state may engage in the business authorized by this part at the office specified in such license for an indefinite period. (b) An international banking corporation may operate more than one licensed office, each at a different place of business, provided that […]
663.0601 – After-the-fact licensure process in the event of the acquisition, merger, or consolidation of international banking corporations.
663.0601 After-the-fact licensure process in the event of the acquisition, merger, or consolidation of international banking corporations.—If an international banking corporation proposes to acquire, merge, or consolidate with an international banking corporation that presently operates an international branch, international bank agency, international administrative office, or international representative office licensed in this state, the office may authorize […]
663.061 – International bank agencies; permissible activities.
663.061 International bank agencies; permissible activities.— (1) An international bank agency licensed under this part may make any loan, extension of credit, or investment which it could make if incorporated and operating as a bank organized under the laws of this state. An international bank agency may act as custodian and may furnish investment management, and investment […]
663.001 – Purpose.
663.001 Purpose.—The purpose of this part is to establish a legal and regulatory framework for the conduct by international banking corporations of financial services business in this state. This part is intended to: (1) Support the Florida operations of international banking corporations and promote the growth of international financial services to benefit the economy and consumers in […]