No report shall be required by any person, whether or not otherwise subject to the requirement of filing reports under SDCL 58-5-69, with respect to the person's indirect interest in portfolio securities held by a pension or retirement plan holding securities of an insurer whose employees generally are the beneficiaries of the plan or a business trust with over 25 beneficiaries.

Source: 4 SDR 6, effective August 9, 1977; 12 SDR 151, 12 SDR 155, effective July 1, 1986.

General Authority: SDCL 58-5-77.

Law Implemented: SDCL 58-5-69.