69W-600.0015. Canadian Dealer Notice-Filing  


Effective on Tuesday, December 29, 2015
  • 1(1) New Notice-Filings.

    4(a) The notice-filing for a Canadian dealer shall be filed electronically on the Office of Financial Regulation’s website at https://real.flofr.com through the 26Regulatory Enforcement and Licensing System 31(REAL) System using the OFR Form CAN, Canadian Dealer Notification (OFR Form CAN). The notice-filing shall include all information required by such form, any other information the Office of Financial Regulation (Office) may require, and payment of the statutory fees required by Section 74517.12(17)(b), F.S. 76The notice-filing shall be deemed received on the date the Office issues a confirmation of submission and payment to the notice-filer via the Office’s website.

    101(b) A notice-filing shall include the following:

    1081. OFR Form CAN (effective 9/15), which is hereby incorporated by reference and available at 123http://www.flrules.org/Gateway/reference.asp?No=Ref-06091 125or http://www.flofr.com/PDFs/OFR-Can.pdf;

    1272. Statutory fee in the amount required by Section 136517.12(17)(b), F.S.;

    1383. 139Evidence of a current registration as a dealer in the jurisdiction in which the dealer’s main office is located;

    1584. Evidence of current membership in a self-regulatory organization or stock exchange in Canada.

    172(2) Request for Additional Information. All information required by subsection (1) of this rule shall be submitted with the original notice-filing. Any request for additional documents or information shall be made by the Office within thirty (30) days after receipt of the notice-filing. The Office may require documentation to be certified by its issuer based upon the Office’s review of the nature and substance of the disciplinary history of the notice-filer. For purposes of this rule, “certified” means that there must be an original certification or attestation by the issuer of the record that the document is a true copy of a record contained in its office and its seal, if any. Additional information shall be submitted directly with the Office within sixty (60) days after a request has been made by the Office. Failure to respond to such request within sixty (60) days after the date of the request may be construed by the Office as grounds for denial of a notice-filing in accordance with the provisions of Section 342120.60(1), F.S.

    344(3) Amendment of Notice-Filing. If the information contained in the OFR Form CAN becomes inaccurate for any reason, the notice-filer shall file an amendment on the OFR Form CAN correcting such information within 30 days. Canadian broker dealers shall file such amendments directly with the Office electronically through the REAL System.

    395(4) Renewal Requirement.

    398(a) Every Canadian dealer notice-filed with the Office shall file renewal fees 410electronically on the Office’s website at https://real.flofr.com through the REAL System and shall be deemed received on the date the Office issues a confirmation of submission and payment to the notice-filer via the Office’s website. All renewal fees must be received by the Office by December 31 of the year the notice-filing expires.

    463(b) For Canadian dealers, failure to submit the requisite amount of fees by December 31 of the year of expiration of the 485notice-filing 486shall result in such 490notice-filing 491not being renewed. If December 31 falls on a Saturday, Sunday or legal holiday pursuant to Section 508110.117, F.S., 510the renewals received on the next business day shall be considered timely received. However, an expired 526notice-filing 527may be reinstated in accordance with Section 534517.12(17), F.S., 536provided that all requisite information and fees are filed electronically on the Office’s website at https://real.flofr.com through the REAL System on or before January 31 of the year following the year of expiration. Failure to submit the requisite amount of fees necessary to reinstate the notice-filing by January 31 of the year following the year of expiration shall result in such 597notice-filing 598not being reinstated. If January 31 falls on a Saturday, Sunday, or legal holiday pursuant to Section 615110.117, F.S., 617the reinstatement received on the next business day shall be considered timely received. If the renewal or reinstatement is withdrawn or not granted, any fees filed to renew or reinstate the 648notice-filing 649shall become the revenue of the state pursuant to the provisions of Section 662517.12(17), F.S., 664and shall not be returnable.

    669(5) Termination of Notification. Where a registrant withdraws, cancels, or otherwise terminates notification, or is terminated for any reason, notice of such fact shall be electronically filed with the Office through the REAL System using the OFR Form CAN within thirty (30) calendar days of the date of withdrawal, cancellation, or termination.

    721(6) Notice of Civil, Criminal or Administrative Action. A Canadian dealer shall:

    733(a) Notify the Office within thirty (30) calendar days of the date a complaint is served, of any civil, criminal or administrative charges filed against the firm or owner which directly or indirectly relate to the registration or sale of securities, or which directly or indirectly relate to the activities as a dealer, investment adviser, principal or agent, or any other activity where a breach of a fiduciary trust is alleged. This shall not include minor traffic violations; but shall include any notification of investigation by any recognized regulatory agency;

    823(b) Notify the Office within thirty (30) calendar days of the date of decision, order, or sanction rendered, or any appeal filed with respect to such decision with regard to any complaint outlined in paragraph (6)(a).

    859(c) Such notifications shall be filed with the Office through the REAL System in accordance with subsection (3) of this rule. When specifically requested by the Office pursuant to Section 889517.021, F.S., 891one (1) copy of such complaint, answer or reply to any complaint, decision, order, or sanction shall be filed with 911the Office through the REAL System. Responses to requests by the Office for additional information shall be filed directly with the Office through the REAL System.

    937Rulemaking Authority 939517.03, 940517.12 FS. 942Law Implemented 944517.12 FS. 946History–New 5-15-07, Amended 11-22-10, 12-29-15.

     

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