Terms Used In Florida Statutes 560.118

  • Control person: means , with respect to a money services business, any of the following:
    (a) A person who holds the title of president, treasurer, chief executive officer, chief financial officer, chief operations officer, chief legal officer, or compliance officer for a money services business. See Florida Statutes 560.103
  • Licensee: means a person licensed under this chapter. See Florida Statutes 560.103
  • Office: means the Office of Financial Regulation of the commission. See Florida Statutes 560.103

(1) Annual financial audit reports must be filed with the office pursuant to this chapter or related rules. The licensee shall directly bear the cost of the audit.
(2) Each licensee must submit quarterly reports to the office in a format and include information as specified by rule. The rule may require the report to contain a declaration by a control person authorized to make such declaration that the report is true and correct to the best of her or his knowledge and belief.
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