Fin. Code, § 3307 · Chapter 3. Examination
Fin. Code, § 3307
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) A licensee shall file with the department a report of the following, as may be applicable:
(1) A material change in information in the application for a license under this division or the most recent annual report of the licensee under this division.
(2) A change in the licensee’s business for the conduct of its digital financial asset business activity with, or on behalf of, a resident that meets one of the following criteria:
(A) The change may raise a legal or regulatory issue about the permissibility of the licensee’s digital financial business activity.
(B) The proposed change might raise material safety and soundness or operational concerns.
(C) The proposed change is to digital financial business activity that may cause such activity to be materially different from that previously listed on the application for licensing by the commissioner.
(3) A change of an executive officer, responsible individual, or person in control of the licensee.
(b) A report required by this section shall be filed not later than 15 days after the change described in subdivision (a).
Notes and commentary — not statutory text
History
Amended by Stats. 2026, Ch. 52, Sec. 6. (SB 97) Effective June 30, 2026.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=3307.
- Text hash
- sha256 9944ff2dc1c2beee885c0b16ca19bdec842c2955b63f6241ac420f08dc75477a
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
Cited by 1 provision
Provisions in this library whose text cites Fin. Code, § 3307. Each shows the citation as that text prints it.
Financial Code
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.