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Louisiana Revised Statutes Tit. 6, § 1388.1. Quarterly financial reports

Current as of January 01, 2023 | Updated by Findlaw Staff

A. A licensee shall submit through the NMLS quarterly financial reports, including transactional information within forty-five days following the close of each calendar quarter, in the form and containing such information as the commissioner shall prescribe, including both of the following:

(1) A statement of the financial condition of the licensee, including a balance sheet and income sheet, along with transactional information, all in United States currency, relating to virtual currency balances held on behalf of residents, virtual currency balances not held on behalf of residents, and other investments.

(2) A certification of the financial reports by an officer or member of the board of directors, or an equivalent governing body of the licensee, attesting to the truth and correctness of such reports.

B. In addition, each licensee shall submit special reports to the commissioner at such times and in such form as the commissioner may require.

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Cite this article: FindLaw.com - Louisiana Revised Statutes Tit. 6, § 1388.1. Quarterly financial reports - last updated January 01, 2023 | https://codes.findlaw.com/la/revised-statutes/la-rev-stat-tit-6-sect-1388-1/

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