1. (1) As used in ss. 560.155(1)(g) and 560.214(1)(g), F.S., “chain of custody” means the sequential, cumulative, and contemporaneously made documentation and record maintenance of the acquisition, custody, control, exchange, transfer, purchase, storage, sale, ownership, location, movement, and disposition of all gold coin and silver coin.
2. (2) For each item of gold coin and silver coin, a money services business must make and maintain a chain of custody.

3. (3) For each item of gold coin and silver coin, a money services business must include in the chain of custody, if applicable:

   1. (a) Information of gold coin and silver coin owners, including:

      1. Name of owner.

      2. Address of owner.

   2. (b) Documentation of gold coin and silver coin details, including:

      1. Date of Purchase.

      2. Type of item (e.g., round, bar, etc.).

      3. Precious metal composition including weight and purity.

      4. Quantity purchased by each type.

      5. Purchase value and current valuation which is updated monthly including valuation date.

      6. Date of sale or return to the owner.

      7. Location of safekeeping.

   3. (c) Information of sellers of gold coin and silver coin, including:

      1. Name of seller.

      2. Address of seller.

   4. (d) Information of buyers of gold coin and silver coin, including:

      1. Name of buyer.

      2. Address of buyer.

   5. (e) Information of shippers and/or deliverers of gold coin and silver coin, including:

      1. Name of individual or business shipping and/or delivering gold coin and silver coin.

      2. Address of shipper or deliverer.

4. (4) Gold coin or silver coin returned to owners of gold coin and silver coin via shipping, must be shipped via Registered Mail through the United States Postal Service.
5. (5) For each item of gold coin or silver coin that does not bear a permanently affixed or stamped serial number or identification number when acquired from an accredited refiner or wholesaler, a money services business must assign and affix a unique identifier to the gold coin or silver coin for purposes of chain of custody.
6. (6) Each item of gold coin or silver coin, as reflected by each chain of custody, must not be contemporaneously owned or pledged to more than one person or entity, excluding jointly held accounts and beneficiary designations.
7. (7) All documentation required to be maintained under this subsection, must be maintained for a period of time as set forth in s. 560.1105, F.S.

Rulemaking Authority 560.105, 560.155, 560.214 FS. Law Implemented 560.155, 560.214 FS. History–New 7-1-26.