A licensee shall maintain eligible securities that are adequately diversified, predominantly of a duration commensurate with the licensee’s outstanding money transmission obligations, and of sufficient liquidity and quality to promptly pay the outstanding money transmission obligations of the licensee.
(Added by Stats. 2011, Ch. 243, Sec. 4. (SB 664) Effective January 1, 2012.)
Last modified: October 25, 2018