1. (a) Not more than 30 days after the end of each maintenance period, the approved depository of a subject institution shall file with the Commissioner a report which is verified by an officer of such approved depository and which contains the following information:

   1. (1) Describe each eligible asset in the pledge deposit as of the end of the maintenance period.
   2. (2) State the total value of the eligible assets in the pledge deposit as of the close of business on the last day of the maintenance period.
2. (b) Whenever the approved depository of a subject institution files the report called for in Subdivision (a) of this Section with the Commissioner, such approved depository shall serve a copy of such report on such subject institution. The subject institution shall promptly review the report; and, in case the subject institution finds any error in the report, the subject institution shall promptly file with the Commissioner a report which is verified by an officer of the subject institution and which corrects such error.

Note: Authority cited: Section 215, Financial Code. Reference: Sections 1705 and 1761, Financial Code.

History

1. Change without regulatory effect amending section filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).

2. Amendment of subsection (a), repealer of subsection (a)(2), subsection renumbering, and amendment of newly designated subsection (a)(2) and subsection (b) filed 4-14-98; operative 5-14-98 (Register 98, No. 16).