02.23 Financial Institutions with only Low Value Accounts

The Financial Institution must not:

  • be an Investment Entity,
  • have any Financial Accounts exceeding $50,000 and must not
  • have more than $50 million in assets on its balance sheet at the end of its most recent accounting year
  • have more than $50 million in assets on it’s consolidated or combined balance sheet where it is in a group with related entities