Cal. Code Regs. tit. 10 § 260.105.40
The offer and sale of Canadian securities to or for a "Canadian Retirement Account", as defined by 17 CFR 230.237(a)(2) or 17 CFR 7d-2(a)(2), respectively, or to or for a Canadian resident temporarily resident in or visiting California with whom the Canadian broker-dealer had a bona fide broker-dealer-client relationship before the Canadian resident entered the United States are exempt from the qualifications requirements of Sections 25110, 25120 and 25130 of the Code; provided, that the offer and sale of such Canadian securities are exempt from registration under the Securities Act of 1933. For the purposes of this section, "Canadian securities" means any security issued by an issuer organized under the laws of Canada or its provinces or territories.
Cal. Code Regs. Tit. 10, § 260.105.40
Note: Authority cited: Sections 25105 and 25610, Corporations Code. Reference: Section 25105, Corporations Code.