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Financial Services Law Insights and Observations

Louisiana Office of Financial Institutions, Securities Division, reissues update on operations

State Issues Covid-19 Financial Institutions Examination Licensing Enforcement

State Issues

On July 24, the Louisiana Office of Financial Institutions, Securities Division, reissued an earlier announcement on its operations, which was previously covered here. The announcement provides that: (i) paper copies of registration documents and payment of related fees can be mailed to the LOFI, and certain filings can be submitted electronically; (ii) examinations are being conducted remotely using phone and email correspondence in lieu of traditional on-site examinations; (iii) licensing staff continue to process licensing and registration applications through the CRD/IARD systems; and (iv) enforcement staff are limiting in-person contacts with witnesses and regulatory partners, and are using telecommunications technology to complete tasks remotely.

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