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Pennsylvania Code (Last Updated: April 5, 2016) |
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Title 10. BANKING AND SECURITIES |
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PART VII. Securities |
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Subpart B. Registration of Securities |
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Chapter 203. Exempt Transactions |
Section 203.202. Certain transactions with persons from Canada exempt
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Under section 203(r) of the act (70 P. S. § 1-203(r)), the Commission finds it neither necessary nor appropriate for the protection of investors to require registration under section 201 of the act (70 P. S. § 1-201) for the offer or sale of a security if the following requirements are met:
(1) The security is offered or sold in this Commonwealth only to a person described in § 302.065(1) (relating to Canadian broker-dealer exempt).
(2) The transaction is effected in this Commonwealth solely by a Canadian broker-dealer or agent of a Canadian broker-dealer described in § 302.065(2).
The provisions of this § 203.202 adopted December 28, 2001, effective December 29, 2001, 31 Pa.B. 7032; transferred and renumbered from 64 Pa. Code § 203.202, December 14, 2012, effective December 15, 2012, 42 Pa.B. 7533. Immediately preceding text appears at serial page (324428).
Notation
The provisions of this § 203.202 issued under sections 203(r) and 609(a) of the Pennsylvania Securities Act of 1972 (70 P. S. § § 1-203(r) and 1-609(a)).