R164-4-8 – Cross Border Trading Rule Exemption


The Division finds that registration is not necessary or appropriate for the protection of investors in connection with an offer or sale of a security in a transaction effected by a person excluded from the definition of broker-dealer.

Division Interpretive Commentary

This exemption was created by rule under the discretionary authority of section 61-1-14(2)(s). The text of the rule may be found at R164-4-8 .

This rule provides an exclusion from the definition of "broker-dealer" for certain Canadian brokers and provides an exemption for transactions effectuated by these certain Canadian brokers. To claim this exemption, the broker seeking the exemption must file a notice in the form of his current application required by the jurisdiction in which their head office is located and a consent to service of process. No filing fee is required.