§6068. Purpose
It is the intent of the Legislature that the provisions of this Act accomplish the following:
[PL 2023, c. 662, §2 (NEW).]
1.
Coordination.
Ensure states can coordinate in all areas of regulation, licensing and supervision to eliminate unnecessary regulatory burden and more effectively use regulator resources;
[PL 2023, c. 662, §2 (NEW).]
2.
Protection of public.
Protect the public from financial crime;
[PL 2023, c. 662, §2 (NEW).]
3.
Standardization.
Standardize the types of activities that are subject to licensing or otherwise exempt from licensing; and
[PL 2023, c. 662, §2 (NEW).]
4.
Modernization.
Modernize safety and soundness requirements to ensure customer funds are protected in an environment that supports innovative and competitive business practices.
[PL 2023, c. 662, §2 (NEW).]
SECTION HISTORY
PL 2023, c. 662, §2 (NEW).