Ga. Comp. R. & Regs. R. 80-12-11-.01 - Books and Records of Holding Company
(1) A holding company shall provide the
Department with the following books and records within ten (10) days after
issuance of the underlying document: copies of examination reports prepared by
any agency, division, or instrumentality of the United States, the State of
Georgia or any other state, or any foreign country which report relates to the
merchant acquiring activities of the MALPB; copies of reports required to be
prepared or submitted by the MALPB to any agency, division, or instrumentality
of the United States, the State of Georgia or any other state, or any foreign
country which report relates to the merchant acquiring activities of the MALPB;
and copies of all orders, memoranda of understanding, or similar documents,
including, but not limited to, resolutions of the Board of Directors intended
as informal enforcement actions, issued by or entered into with any agency,
division, or instrumentality of the United States, the State of Georgia or any
other state, or any foreign country which report relates to the merchant
acquiring activities of the MALPB.
(2) Failure to provide the documentation set
forth in Paragraph 1 of this Rule, may result in the Department taking
enforcement action against the holding company as well as the MALPB controlled
by the holding company.
Notes
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