Section 69U-140.006 - Investment Services(1) Pursuant to section 663.061(1), F.S., an international bank agency may provide investment management and investment advisory services to non-residents and may also provide such services to residents when such services relate to international or foreign, or domestic investments. For the purposes of this rule the term "non-residents" has the same meaning as that term is defined pursuant to section 663.01(10), F.S.(2) The services authorized by subsection (1), shall include: (a) Advice with respect to the purchase or sale of investment assets of any kind, including, without limitation, securities, other financial instruments, commodities, and real property interests;(b) Management of investment assets on either a discretionary or nondiscretionary basis, provided that management shall not include the operational management of real property, industrial, and commercial assets;(c) Purchase or sale of the investments described in paragraph (a), in connection with the activities permitted pursuant to paragraphs (a) and (b), hereof;(d) Safekeeping or custody of investment assets; and,(e) Provision of general economic information and advice and general statistical forecasts and industrial studies with respect to United States and foreign business and economies.(3) Neither an international bank agency nor the international banking corporation of which it is a part, shall be required to register as a dealer, associated person, investment adviser, or branch office, pursuant to section 517.12, F.S., to provide services authorized by this rule.Fla. Admin. Code Ann. R. 69U-140.006
Rulemaking Authority 655.012(2), 663.061(1), 663.13 FS. Law Implemented 663.06(5), 663.061(1) FS.
New 1-30-84, Formerly 3C-15.14, 3C-15.014, Amended 8-2-93, Formerly 3C-140.061, 3C-140.006, Amended by Florida Register Volume 43, Number 220, November 14, 2017 effective 1/1/2018.New 1-30-84, Formerly 3C-15.14, 3C-15.014, Amended 8-2-93, Formerly 3C-140.061, 3C-140.006, Amended 1-1-18.