Section 69C-2.0061 - Maintenance of Pledged Collateral(1) The deposit or pledge of collateral must be made by completing the transaction and simultaneously submitting to the Chief Financial Officer a completed Form DFS-J1-1005, Collateral Transaction Form, effective 09/24, incorporated herein by reference and available at http://www.flrules.org/Gateway/reference.asp?No=Ref-17020.(2) Except as provided in section 280.041, F.S., a substitution of collateral may be made by completing the transaction and simultaneously submitting to the Chief Financial Officer a completed Form DFS-J1-1005, Collateral Transaction Form.(3) To initiate a withdrawal of collateral request, a qualified public depository must submit a completed Form DFS-J1-1005, Collateral Transaction Form.(4) To initiate a transfer of pledged collateral at the same custodian, a qualified public depository must submit a completed Form DFS-J1-1005, Collateral Transaction Form.(5) To initiate a transfer of previously pledged collateral between custodians, a qualified public depository must submit a completed Form DFS-J1-1005, Collateral Transaction Form, to the Chief Financial Officer and provide copies to both the recipient custodian and releasing custodian.(6) The Chief Financial Officer will evaluate each collateral transaction and request for a collateral transaction pursuant to section 280.13, F.S., and Rule 69C-2.007, F.A.C. The Chief Financial Officer will respond in writing to the qualified public depository and custodian or custodians.Fla. Admin. Code Ann. R. 69C-2.0061
Rulemaking Authority 280.19, 280.041 FS. Law Implemented 280.02, 280.04, 280.041, 280.05 FS.
Adopted by Florida Register Volume 50, Number 231, November 26, 2024 effective 12/9/2024.