Fla. Admin. Code Ann. R. 69U-105.706 - Resulting Financial Entity's Capital Structure and Management

Current through Reg. 47, No. 249; December 28, 2021

(1) For purposes of Rules 69U-105.701 thru 69U-105.708, F.A.C., Sections 655.411(1)(c) 1. and 655.414(2)(a), F.S., an adequate capital structure in relation to the resulting state financial entity's activities and deposit liabilities, shall be a capital structure satisfactory to provide necessary services, including loans of sufficient size to meet the needs of prospective customers.
(2) The qualifications of management for the resulting state financial entity shall constitute reasonable promise for successful operation if they equal or exceed the management qualifications of OFR for financial entities of the same type. See paragraph 69U-105.206(3)(d), F.A.C.

Notes

Fla. Admin. Code Ann. R. 69U-105.706
Specific Authority 655.012(3) FS. Law Implemented 655.411(1)(c) 2., (4), 655.414(2)(a) FS.
New 11-23-83, Formerly 3C-18.06, 3C-18.006, Amended 8-14-94, 4-15-98, Formerly 3C-105.706.

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