Florida Office of Financial Regulation Florida OFR Home Page
Division of Consumer Finance

Canadian Dealer: Firm

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.

To file through online services, click here.

Additional documents required to be uploaded to complete the filing:

  1. Evidence of a current registration as a dealer in the jurisdiction in which the dealer's main office is located; and
  2. Evidence of current membership in a self-regulatory organization or stock exchange in Canada.

Maintaining or Renewing Notice-Filing

Amendment to the Form OFR_CAN:

If the information contained on the notice-filing for Canadian broker-dealer (Form OFR_CAN) becomes inaccurate for any reason, the notice-filer shall file an amendment on the Form OFR_CAN correcting the information within 30 days.

All amendment filings shall be made through online services.

Termination

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

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(17), 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.

Forms

OFR_CAN Notice Filing for Canadian Broker-Dealer

Statutes and Rules

Notice-filers are subject to the requirements found in Chapter 517, F.S., the Securities and Investor Protection Act, and the administrative rules, Sections 69W-100 through 69W-1000, F.A.C.

Disciplinary Guidelines: per 517.1611(1), F.S.