Fla. Admin. Code Ann. R. 69U-140.006 - Investment Services
(1) Pursuant to
section 663.061(1),
F.S., an international bank agency may provide investment management and
investment advisory services to non-residents and may also provide such
services to residents when such services relate to international or foreign, or
domestic investments. For the purposes of this rule the term "non-residents"
has the same meaning as that term is defined pursuant to section
663.01(10),
F.S.
(2) The services authorized by
subsection (1), shall include:
(a) Advice
with respect to the purchase or sale of investment assets of any kind,
including, without limitation, securities, other financial instruments,
commodities, and real property interests;
(b) Management of investment assets on either
a discretionary or nondiscretionary basis, provided that management shall not
include the operational management of real property, industrial, and commercial
assets;
(c) Purchase or sale of the
investments described in paragraph (a), in connection with the activities
permitted pursuant to paragraphs (a) and (b), hereof;
(d) Safekeeping or custody of investment
assets; and,
(e) Provision of
general economic information and advice and general statistical forecasts and
industrial studies with respect to United States and foreign business and
economies.
(3) Neither an
international bank agency nor the international banking corporation of which it
is a part, shall be required to register as a dealer, associated person,
investment adviser, or branch office, pursuant to section
517.12, F.S., to provide
services authorized by this rule.
Notes
Rulemaking Authority 655.012(2), 663.061(1), 663.13 FS. Law Implemented 663.06(5), 663.061(1) FS.
New 1-30-84, Formerly 3C-15.14, 3C-15.014, Amended 8-2-93, Formerly 3C-140.061, 3C-140.006, Amended 1-1-18.
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