California Financial Code CHAPTER 5 - Eligible Securities

• Section 2081.
  (a) A licensee shall at all times own eligible securities having an aggregate market value computed in accordance with United States generally accepted accounting principles of...
• Section 2082.
  (a) “Eligible security” means any United States currency eligible security or foreign currency eligible security.(b) For the purposes of this division, the following are United States currency...
• Section 2083.
  (a) In computing for purposes of Section 2082 the aggregate value of eligible securities owned by a licensee, all of the following shall be excluded:(1) The value...
• Section 2084.
  (a) A licensee shall be deemed to own an eligible security only if the following apply:(1) The licensee owns the eligible security solely and exclusively in its...
• Section 2085.
  If the commissioner finds that any eligible security or class of eligible securities is not of sufficient liquidity or quality to be eligible securities, the...
• Section 2086.
  If the commissioner finds that any security or class of securities that is not an eligible security is of sufficient liquidity and quality to be...
• Section 2087.
  (a) If the commissioner finds that a rating assigned to a class of securities by an eligible securities rating service indicates that the class of securities...
• Section 2088.
  (a) The commissioner may by regulation or order declare a credit rating agency to be an eligible securities rating service if the commissioner finds the following...
• Section 2089.
  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...

Last modified: October 22, 2018