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STATE OF MAINE SUPREME JUDICIAL COURT SITTING AS THE LAW COURT ___ LAW COURT DOCKET NO. BCD23440 ___ CORE FINANCE TEAM AFFILIATES, LLC, Appellants v. MAINE HOSPITAL ASSOCIATION, MAINE MEDICAL CENTER,
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Core Fin Team Affiliates refers to a specified group of financial entities that are associated with a primary financial organization and are required to report certain financial data.
Entities that are part of the core financial team, including but not limited to financial institutions, holding companies, and certain affiliates, are required to file core fin team affiliates.
To fill out core fin team affiliates, entities must provide detailed information on financial performance, ownership structure, and operational data as per the guidelines provided by regulatory authorities.
The purpose of core fin team affiliates is to ensure transparency and compliance in financial reporting among affiliated financial entities, helping regulators monitor systemic risk.
Reported information typically includes financial statements, ownership details, risk exposure, and intercompany transactions among affiliated entities.
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