About Our Agency
The Office of Financial Regulation (OFR) provides regulatory oversight for Florida’s financial services industry. The OFR was created in 2003 as a result of the Cabinet Reorganization Act of 2002. Although the OFR is a relatively new agency, its beginnings as a banking, consumer finance and securities regulator date back to the mid-1800s with the creation of the former Comptroller’s Office.
The OFR reports to the Financial Services Commission made up of the Governor and the members of the Florida Cabinet: Attorney General, Chief Financial Officer, and Commissioner of Agriculture. The OFR is headed by a commissioner who is appointed by the Financial Services Commission. The Financial Services Commission is responsible for final approval of rules developed by the OFR. All regulatory decisions are vested with the OFR.
OFR Mission
To protect Florida’s financial services consumers, promote a safe and sound financial marketplace, and contribute to the growth of Florida’s economy through fair, innovative, and excellent regulation of the financial services industry.