Statutes, codes, and regulations
California Code Of Regulations
Title 10 - InvestmentChapter 1 - Commissioner of Business Oversight, Division of Financial InstitutionsSubchapter 80 - Money TransmissionArticle 5 - Issuance of License
Subarticle 2 - Application
Section 80.4109 - Information Regarding Affiliates

Cal. Code Regs. tit. 10 § 80.4109

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Current through Register 2024 Notice Reg. No. 52, December 27, 2024
Section 80.4109 - Information Regarding Affiliates

In case the applicant has a parent or any significant subsidiary, provide a list or diagram which includes the applicant and which contains the following information with respect to each affiliate of the applicant which is a parent of the applicant, a significant subsidiary of such parent, or a significant subsidiary of the applicant or which is significantly involved or is proposed to be significantly involved in the money transmission business of the applicant:

(a) State the name of the affiliate.
(b) Show the relationship of the affiliate to the applicant and to each other affiliate in the list or diagram. In case any affiliate which is a subsidiary is not wholly owned by its immediate parent, state the percentage of voting securities of such subsidiary which is owned by such immediate parent or the other basis upon which the subsidiary is controlled by the immediate parent.
(c) State in a word or phrase the principal line of business of the affiliate. Describe any other lines of business of the affiliate.
(d) In case the affiliate is significantly involved or is proposed to be significantly involved in the money transmission business of the applicant, briefly describe such involvement.

Cal. Code Regs. Tit. 10, § 80.4109

1. Change without regulatory effect amending subsection (b) filed 7-2-91 pursuant to section 100, title 1, California Code of Regulations (Register 91, No. 40).
2. Amendment of subsection (b) filed 4-7-97; operative 4-7-97 pursuant to Government Code section 11343.4(d) (Register 97, No. 15).
3. Amendment of first paragraph, subsections (c)-(d) and NOTE filed 8-11-2015; operative 10-1-2015 (Register 2015, No. 33).

Note: Authority cited: Sections 321, 334 and 2032, Financial Code. Reference: Section 2032, Financial Code.

1. Change without regulatory effect amending subsection (b) filed 7-2-91 pursuant to section 100, title 1, California Code of Regulations (Register 91, No. 40).
2. Amendment of subsection (b) filed 4-7-97; operative 4-7-97 pursuant to Government Code section 11343.4(d)(Register 97, No. 15).
3. Amendment of first paragraph, subsections (c)-(d) and Note filed 8-11-2015; operative 10/1/2015 (Register 2015, No. 33).