FL S1106

Defines "international trust entity" as an international trust company, business, or affiliated entity licensed or chartered to conduct trust business in a foreign country and supervised under foreign law.

Establishes a moratorium until June 30, 2017 on enforcement of Florida licensure requirements for organizations providing services to international trust entities, provided they meet specified conditions (organized before October 1, 2013; no fines, sanctions, or felony convictions; no directors/officers with serious criminal history; does not provide banking, fiduciary, or investment services).

Requires organizations seeking moratorium protection to submit a letter to the Office of Financial Regulation by July 1, 2016, including proof of organization date, business activities, details of each international trust entity served, and certifications regarding regulatory status and supervision.

Establishes a 90-day processing timeline for the office to approve or deny moratorium requests, with automatic approval if the office fails to notify the applicant within that timeframe; allows the office to conduct onsite visitations during the moratorium period.

Authorizes the office to issue an immediate final order disqualifying any organization that makes material false statements in its moratorium request; repeals the moratorium provisions and related definitions on July 1, 2017.