I. A broker-dealer that is resident in Canada and has no office or other physical presence in New Hampshire, after obtaining a license in New Hampshire by following the outlined procedures, may offer and sell securities to:

(1) A person from Canada who is temporarily resident in New Hampshire with whom the Canadian broker-dealer had a bona fide broker-dealer client relationship before the person entered the United States; or

(2) A person from Canada who is resident in New Hampshire whose transactions are in a self-directed tax advantaged retirement plan in Canada of which the person is the holder or contributor.

II. An agent who will be representing a Canadian broker-dealer licensed under this section, may, after obtaining an agent's license in New Hampshire, effect transactions in securities in this state as permitted for the broker-dealer above.

III. A Canadian broker-dealer licensed under this section shall:

(1) Maintain its provincial or territorial registration and its membership in a self-regulatory organization or stock exchange in good standing;

(2) Provide the secretary of state upon request with its books and records relating to its business in this state as a broker-dealer;

(3) Inform the secretary of state forthwith of any criminal action taken against the broker-dealer or its agent or of any finding or sanction imposed on the broker-dealer as a result of any self-regulatory or regulatory action involving fraud, theft, deceit, misrepresentation, or similar conduct; and

(4) Disclose to its clients in the state that the broker-dealer and its agents are not subject to the full regulatory requirements in this chapter.

An agent of a Canadian broker-dealer licensed under this section shall:

IV. An agent of a Canadian broker-dealer licensed under this section shall:

(1) Maintain his or her provincial or territorial registration in good standing;

(2) Inform the secretary of state forthwith of any criminal action, taken against him or her, or of any finding or sanction imposed on the agent as a result of any self-regulatory or regulatory action involving fraud, theft, deceit, misrepresentation, or similar conduct.

V. A Canadian broker-dealer or agent licensed under this section shall only effect transactions in this state:

(1) As permitted in subparagraph I (1) or (2) above;

(2) With or through

(i) the issuers of the securities involved in the transactions,

(ii) other broker-dealers, and

(iii) banks, savings institutions, trust companies, insurance companies, investment companies as defined in the Investment Company Act of 1940, pension or profit-sharing trusts or other financial institutions or institutional buyers, whether acting for themselves or as trustees; and

(3) As otherwise permitted by this chapter.