Governing Acts
The full text of the Acts of Congress the Department administers. When this portal and the acts disagree, the acts win.
Banking Income Tax Act
The Banking Income Tax: monthly taxation periods, the 15% Financial Institution Tax and 10% Depositor Insurance Tax, deductions, filings, assessments, and appeals.
Read the actCommercial Standards Act
Defines the four financial institution types, DOC powers, public company and ETF reporting, and statutory audits.
Read the actFinancial Institutions Enforcement Act
The DOC's enforcement ladder: registration duty, client fund custody, cease and desist, freezes, bar orders, receivership, sanctions, and offences.
Read the actLegal Entity Act
Corporations, LLCs, the Company Docket, incorporation, receivership, and winding up. Registration as a financial institution requires an Incorporated Entity in good standing.
Read the actTaxation Act
Act of Congress.
Read the act