(1) Notwithstanding s. 655.059, a qualified limited service affiliate established under this chapter is not required to produce a book or record pertaining to a customer of an affiliated international trust entity that is located outside the United States or its territories in response to a subpoena if the book or record is maintained outside the United States or its territories and is not in the possession, custody, or control of the qualified limited service affiliate.
(2) This section applies only to a subpoena issued pursuant to the Florida Rules of Civil Procedure, the Federal Rules of Civil Procedure, or other similar law or rule of civil procedure in another state or territory of the United States. This section does not apply to a subpoena issued by or on behalf of a federal, state, or local government law enforcement agency, administrative or regulatory agency, legislative body, or grand jury and does not limit the power of the office to access all books and records in the exercise of the office’s regulatory and supervisory powers under the financial institutions codes.
History.—s. 43, ch. 2017-83.
Structure Florida Statutes
Title XXXVIII - Banks and Banking
Chapter 663 - International Banking
Part IV - Qualified Limited Service Affiliates of International Trust Entities (Ss. 663.530-663.540)
663.531 - Permissible activities; prohibited activities.
663.5325 - Civil action subpoena enforcement.
663.533 - Applicability of the financial institutions codes.
663.534 - Events that require notice to be provided to the office.
663.535 - Notice to customers.
663.536 - Recordkeeping requirements for trade, industry, or professional events.
663.537 - Examination or investigation of a qualified limited service affiliate.
663.538 - Suspension, revocation, or voluntary surrender of qualification.