Rule 15a-6; Foreign Broker-Dealer Exemption

To promote U.S. institutional investors’ access to foreign markets, Rule 15a-6 exempts foreign broker-dealers from having to register with the Commission under certain conditions, one of which is that U.S. registered broker-dealers must keep certain records in connection with intermediating transactions in securities between U.S. institutional investors and foreign broker-dealers relying on the exemption provided by paragraph (a)(3) of the rule. The information is collected by U.S. registered broker-dealers for the purpose of ensuring that certain conditions are met in connection with transactions they intermediate for foreign broker-dealers pursuant to Rule 15a-6(a)(3).

The latest form for Rule 15a-6; Foreign Broker-Dealer Exemption expires 2028-04-30 and can be found here.