A dealer that is located in Canada, does not have an office or other physical presence in this state, and may effect transactions in securities on a limited basis.
Notice Filing Requirements
The Florida Division of Securities utilizes the Regulatory Enforcement and Licensing (REAL) System for the notice filing of Canadian dealers. This online system enables the Canadian dealers to submit their notice filing registration form and fees electronically. Additional filing requirements shall be submitted as prescribed in Section 517.12(17), Florida Statutes (F.S.), and Rule 69W-600.0015, Florida Administrative Code (F.A.C.).
Paper filings received by the Office of Financial Regulation (OFR) will be returned to the notice filer with instructions for filing electronically.
Notice of termination shall be filed on the Form OFR-CAN. Filings for termination shall be made through the REAL System of the OFR pursuant to Rules 69W-600.0015, F.A.C.
Annual Financial Statements
Canadian dealers are NOT required to file annual financial statements. Pursuant to Section 517.12(17) (g), F.S., a Canadian Dealer who has made a notice filing under this subsection shall provide the OFR, upon request, with its books and records relating to its business in the state of Florida as a dealer.
Renewal fees for Canadian dealers shall be paid electronically through the REAL System of the OFR. It is incumbent upon the notice filer, not the OFR, to ensure that the renewal payment is submitted timely. The renewal fee is $200 (USD) for each firm. Notice filers should refer to Section 517.12 (11), F.S., and Rule 69W-600.0015, F.A.C., for additional guidance.
Notice filings for Canadian dealers expire at the end of each calendar year and must be renewed timely for the notice filer to remain authorized to conduct business in, to or from Florida.