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.