Which of the following is NOT a requirement for a Canadian broker-dealer to rely on the Canadian BD exemption under the Uniform Securities Act?

1. AThe broker-dealer must be a member of a Canadian SRO or stock exchange.
2. BThe transaction must be with a Canadian resident temporarily present in the U.S.
3. CThe broker-dealer must file a consent to service of process with the state Administrator.
4. DThe broker-dealer must register with the SEC as a foreign broker-dealer.✓ Correct answer

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