Skip Maine state header navigation
Skip All Navigation
|Home | Contact Us | Careers | Calendar|
>> All Notices by date
STATE OF MAINE
DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
BUREAU OF FINANCIAL INSTITUTIONS
TO INTERESTED PARTIES
In January 2002, the Bureau of Financial Institutions promulgated Chapter 141 (Regulation 41). That rule set forth the assessment which must be paid by nondepository trust companies, uninsured banks and merchant banks. That rule also defined fiduciary assets under management, custody or care upon which the assessment is based. Public Law 2003, c.322 amended the statute governing assessments paid by nondepository trust companies, uninsured banks, and merchant banks to the Bureau of Financial Institutions and changed the frequency of assessment payment from annually to quarterly. Public Law 2003, c.322 did not change the minimum assessment rate or the type of assets upon which an assessment is based, nor did it provide for a statutory transition for payment of assessments from the annual to quarterly frequency. This regulation is being promulgated to provide for the transition from annual to quarterly assessments paid to the Bureau of Financial Institutions by nondepository trust companies, uninsured banks, and merchant banks. It is a routine technical rule as defined in Title 5, chapter 375, subchapter II‑A.
Notice of this proposed Rule is being published by the Secretary of State. Interested parties may submit written comments or requests for a hearing to the Bureau of Financial Institutions, 36 State House Station, Augusta, Maine 04333-0036 by January 2, 2004. Electronic comments or requests for a hearing may be submitted by accessing the Internet Home Page of the Bureau of Financial Institutions at http://www.maine.gov/financialinstitutions .
A copy of the proposed rule is attached.
/s/ Howard R. Gray, Jr.
Superintendent of Financial Institutions
December 3, 2003
Last Updated: October 21, 2010
|Copyright © 2006 All rights reserved.|