663.416 – Public records exemption.
663.416 Public records exemption.— (1) DEFINITIONS.—As used in this section, the term: (a) “Reports of examinations, operations, or condition” means records submitted to or prepared by the office as part of the office’s duties performed pursuant to s. 655.012 or s. 655.045. (b) “Working papers” means the records of the procedure followed, the tests performed, the information obtained, and […]
663.404 – Requirements for conducting financial institution business.
663.404 Requirements for conducting financial institution business.—An international trust entity, or any affiliated, subsidiary, or other person or business entity acting as an agent for, on behalf of, or for the benefit of such international trust entity, who engages in such activities from an office located in this state, may not transact a trust business, or […]
663.405 – Civil action subpoena enforcement.
663.405 Civil action subpoena enforcement.— (1) Notwithstanding s. 655.059, an international trust company representative office established under this chapter is not required to produce a book or record pertaining to a deposit account, investment account, trust account, or loan of a customer of the international trust entity’s offices that are located outside the United States or its […]
663.406 – Application for license; approval or disapproval.
663.406 Application for license; approval or disapproval.— (1) An international trust entity, before being licensed by the office to maintain any office in this state, must subscribe and acknowledge, and submit to the office, an application that contains all of the following: (a) The name of the international trust entity. (b) The proposed location, by street and post office […]
663.407 – Capital requirements.
663.407 Capital requirements.— (1) For an international trust entity to qualify for a license under this part, the proposed capitalization of the international trust entity must be in such amount as the office determines is necessary, taking into consideration the risk profile of the international trust entity and the ability of the international trust entity to operate […]
663.408 – Licenses; permissible activities of licensees.
663.408 Licenses; permissible activities of licensees.— (1)(a) An international trust entity 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 trust entity may operate more than one licensed office, each at a different place of business, […]
663.4081 – After-the-fact licensure process in the event of the acquisition, merger, or consolidation of international trust entities.
663.4081 After-the-fact licensure process in the event of the acquisition, merger, or consolidation of international trust entities.—If an international trust entity proposes to acquire, merge, or consolidate with an international trust entity that presently operates an international trust company representative office licensed in this state, the office may allow the currently licensed international trust company representative […]
663.409 – International trust company representative offices; permissible activities; requirements.
663.409 International trust company representative offices; permissible activities; requirements.— (1) An international trust company representative office may conduct any nonfiduciary activities that are ancillary to the fiduciary business of its international trust entity, but may not act as a fiduciary. Permissible activities include advertising, marketing, and soliciting for fiduciary business on behalf of an international trust entity; […]
663.410 – Certification of capital accounts.
663.410 Certification of capital accounts.—Before opening an office in this state, and annually thereafter so long as an international trust company representative office is maintained in this state, an international trust entity licensed pursuant to this part must certify to the office the amount of its capital accounts, expressed in the currency of the home jurisdiction […]
663.411 – Reports; records.
663.411 Reports; records.— (1) An international trust entity that operates an office licensed under this part 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 […]