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 […]
663.412 – Termination of international trust entity’s charter or authority.
663.412 Termination of international trust entity’s charter or authority.— (1)(a) An international trust entity that is licensed to maintain an office in this state may not continue to conduct its licensed business in this state if the international trust entity: 1. Is dissolved, or its authority or existence is otherwise terminated or canceled in the home jurisdiction where […]
663.413 – Application and examination fees.
663.413 Application and examination fees.— (1) An application for a license to establish an international trust company representative office under this part must be accompanied by a nonrefundable $5,000 filing fee, payable to the office. (2) An international trust entity that maintains an office licensed under this part must pay to the office examination fees that are determined […]
663.414 – Rules; exemption from statement of estimated regulatory costs requirements.
663.414 Rules; exemption from statement of estimated regulatory costs requirements.—In addition to any other rulemaking authority it has under the financial institutions codes, the commission may adopt reasonable rules that it deems advisable for the administration of international trust entities under this part in the interest of protecting depositors, creditors, borrowers, or the public interest and […]
663.4001 – Purpose.
663.4001 Purpose.—The purpose of this part is to establish a legal and regulatory framework for the conduct by international trust entities of financial services business in this state. This part is intended to: (1) Support the Florida operations of international trust entities and promote the growth of international financial services to benefit the economy and consumers in […]
663.415 – Travel expenses.
663.415 Travel expenses.—If domestic or foreign travel is deemed necessary by the office to effectuate the purposes of this part, the office must be reimbursed for actual, reasonable, and necessary expenses incurred in such domestic or foreign travel by the international trust company representative office under examination. History.—s. 37, ch. 2017-83.
663.401 – Definitions.
663.401 Definitions.— (1) “Affiliate” means a person or business or a group of persons or businesses acting in concert which controls, is controlled by, or is under common control of an international trust entity. (2) “International trust company representative office” means an office of an international trust entity which is established or maintained in this state for the […]
663.402 – Applicability of the financial institutions codes.
663.402 Applicability of the financial institutions codes.— (1) An international trust entity that operates an office licensed under this part is subject to all the financial institutions codes as though such international trust entity were a state trust company, except when it appears, from the context or otherwise, that such provisions are clearly applicable only to trust […]