- (1) Each licensed money transmitter and payment instrument seller shall annually submit financial audit reports to the Office in accordance with Section 560.209(2), F.S., for the licensee’s most recent fiscal year.
- (2) Annual financial audit reports must be received by the Office within one hundred twenty (120) days after the licensee’s fiscal year end.
- (3) A report is “past due” if it is received by the Office one or more days beyond the period defined in subsection (2).
- (4) For purposes of adding new locations or authorized vendors, a Part II licensee may rely upon its annual financial audit reports that were received by the Office in a timely manner as required in subsections (1) and (2) of this rule.
- (5) Financial audit reports must be submitted through the Office’s REAL System at www.flofr.gov. Any person may request an exemption from the electronic filing requirements of this rule due to a technological or financial hardship by submitting Form OFR-560-08, Request for Exemption from Electronic Filing Requirements, to: Office of Financial Regulation, Division of Consumer Finance, Bureau of Registration, 200 East Gaines Street, Tallahassee, FL 32399-0376. The Office will provide any person granted an exemption from the electronic filing requirement with instructions on how to file the financial audit report in paper format. Form OFR-560-08 is incorporated by reference in Rule 69V-560.1012, F.S.
Rulemaking Authority 560.105, 560.118 FS. Law Implemented 560.118, 560.209 FS. History–New 11-4-01, Formerly 3C-560.606, Amended 7-15-07, 1-13-09, 11-28-19.