Application Under Section 203(O) of The Pennsylvania Securities Act of 1972 is an application process that permits certain non-Pennsylvania broker-dealers to transact business in the state without registering or registering representatives in Pennsylvania. There are two types of applications under this section: the application for a temporary exemption and the application for a permanent exemption. The temporary exemption allows a non-Pennsylvania broker-dealer to transact business in the state for a period of up to 90 days. The broker-dealer must provide the Pennsylvania Securities Commission with proof of registration in their home state, as well as a description of the nature of the business they intend to conduct in the state. The permanent exemption allows a broker-dealer to conduct business in the state indefinitely. In order to obtain this exemption, the broker-dealer must provide the Pennsylvania Securities Commission with evidence of registration in their home state, demonstrate a satisfactory compliance history in their home state, and have maintained a place of business in the state for at least six months prior to the application. In order to apply for either type of exemption under Section 203(O) of the Pennsylvania Securities Act of 1972, the broker-dealer must submit an application to the Pennsylvania Securities Commission. The application must include a completed Form S-1, a copy of the broker-dealer's registration in their home state, and any additional information requested by the Commission. Upon approval, a certificate of exemption will be issued.
Application Under Section 203(O) of The Pennsylvania Securities Act of 1972
Description
How to fill out Application Under Section 203(O) Of The Pennsylvania Securities Act Of 1972?
If you’re searching for a way to properly prepare the Application Under Section 203(O) of The Pennsylvania Securities Act of 1972 without hiring a legal representative, then you’re just in the right place. US Legal Forms has proven itself as the most extensive and reliable library of official templates for every individual and business scenario. Every piece of documentation you find on our online service is designed in accordance with nationwide and state regulations, so you can be sure that your documents are in order.
Follow these straightforward guidelines on how to obtain the ready-to-use Application Under Section 203(O) of The Pennsylvania Securities Act of 1972:
- Make sure the document you see on the page meets your legal situation and state regulations by checking its text description or looking through the Preview mode.
- Enter the document title in the Search tab on the top of the page and choose your state from the list to find another template in case of any inconsistencies.
- Repeat with the content check and click Buy now when you are confident with the paperwork compliance with all the requirements.
- ​Log in to your account and click Download. Register for the service and opt for the subscription plan if you still don’t have one.
- Use your credit card or the PayPal option to purchase your US Legal Forms subscription. The blank will be available to download right after.
- Decide in what format you want to save your Application Under Section 203(O) of The Pennsylvania Securities Act of 1972 and download it by clicking the appropriate button.
- Upload your template to an online editor to complete and sign it quickly or print it out to prepare your paper copy manually.
Another great thing about US Legal Forms is that you never lose the paperwork you acquired - you can find any of your downloaded templates in the My Forms tab of your profile whenever you need it.