<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".10" citation="COMAR 09.03.16.10" title_num="09" subtitle_num="03" chapter_num="16" heading="Annual Report.">
  <paragraph num="A.">
    <text>An Operator shall prepare an annual report listing the following information for each Kiosk it maintains:</text>
    <paragraph num="(1)">
      <text>Information sufficient to identify that Kiosk;</text>
    </paragraph>
    <paragraph num="(2)">
      <text>The total number of transactions and the total dollar amount of transactions processed by that Kiosk;</text>
    </paragraph>
    <paragraph num="(3)">
      <text>If the Kiosk was not operating for the full 12 months covered by the annual report, information sufficient to determine the timeframe in which the Operator operated that Kiosk in the State;</text>
    </paragraph>
    <paragraph num="(4)">
      <text>The number of Notices of Fraud received for that Kiosk;</text>
    </paragraph>
    <paragraph num="(5)">
      <text>If the Kiosk is a Mobile Kiosk, the location of the Mobile Kiosk at the time of the transaction described in each Notice of Fraud;</text>
    </paragraph>
    <paragraph num="(6)">
      <text>The number and dollar amount of Refund Denials issued for that Kiosk;</text>
    </paragraph>
    <paragraph num="(7)">
      <text>The number and dollar amount of Fee Refunds issued for that Kiosk; and</text>
    </paragraph>
    <paragraph num="(8)">
      <text>The dollar amount of Fees subject to Notices of Fraud for that Kiosk.</text>
    </paragraph>
  </paragraph>
  <paragraph num="B.">
    <text>The Annual Report required by this regulation:</text>
    <paragraph num="(1)">
      <text>Should include information with respect to each Kiosk for the lesser of:</text>
      <paragraph num="(a)">
        <text>The preceding 12 months; or</text>
      </paragraph>
      <paragraph num="(b)">
        <text>The timeframe in which that Kiosk offered Virtual Currency Services in the State; and</text>
      </paragraph>
    </paragraph>
    <paragraph num="(2)">
      <text>May run for any 12 consecutive monthly period ending no earlier than September 1 of the current calendar year.</text>
    </paragraph>
  </paragraph>
  <paragraph num="C.">
    <text>The Operator shall submit this annual report to the Commissioner through NMLS:</text>
    <paragraph num="(1)">
      <text>At the time the Operator renews its Operator registration in accordance with Regulation .03 of this chapter; or</text>
    </paragraph>
    <paragraph num="(2)">
      <text>On or before December 31st of the current calendar year if the Operator does not intend to renew its Operator registration in accordance with Regulation .03 of this chapter.</text>
    </paragraph>
  </paragraph>
</regulation>