Second Amended Hurricane Debby Proclamation for Florida Financial Institutions
Summary
The Florida Office of Financial Regulation issued a second amended proclamation extending hurricane regulatory relief provisions to Florida state-chartered financial institutions and securities professionals regarding Hurricane Debby. The proclamation extends previously issued relief measures to ensure continued operation of financial services during the hurricane emergency.
What changed
The Florida OFR issued a second amended proclamation on August 7, 2024, extending and modifying hurricane regulatory relief for state-chartered financial institutions and securities professionals affected by Hurricane Debby. This follows prior proclamations and provides continued regulatory flexibility during the ongoing emergency response.
Florida state-chartered financial institutions and securities professionals should review the amended proclamation to understand any updated requirements or extended deadlines for compliance activities. Institutions should coordinate with their regulators regarding any impact on examination schedules, reporting deadlines, or operational requirements. The proclamation provides relief from certain regulatory requirements during the disaster period.
What to do next
- Review the second amended proclamation to identify any updated relief provisions
- Coordinate with OFR regarding examination schedules and reporting deadlines affected by the hurricane
- Document any operational challenges and communicate with regulators as needed
Source document (simplified)
OFR Issues Second Amended Proclamation Regarding Hurricane Debby
08/07/2024
The Office of Financial Regulation today issued an amended proclamation to Florida state-chartered financial institutions and securities professionals regarding Hurricane Debby.
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