Cal. Code Regs. tit. 10, § 80.5100 – Tangible Shareholders' Equity.

(a) In this Subarticle, “subject institution” means a California licensed money transmitter or an applicant for a money transmitter license.
(b) In considering the factors set forth in subdivision (c) of Financial Code Section 2040 to determine the amount of tangible shareholders' equity required of a subject institution, the Commissioner may assess how those factors when considered as whole would affect the safety and soundness of the subject institution and/or prejudice the interests of the customers of the subject institution.

Note: Authority cited: Section 2040, Financial Code. Reference: Section 2040, Financial Code.

1. New subarticle 2 (section 80.5100) and section filed 8-11-2015; operative 10-1-2015 (Register 2015, No. 33).