Section DFI-Sec 2.03 - Exemption proceedings(1) If a notice is required to be filed in order to seek to claim registration exemption status pursuant to s. 551.201, 551.202, Stats., or rule or order under s. 551.203, Stats., the notice shall consist of a copy of any prospectus, circular or other material to be delivered to offerees, the fee prescribed by s. DFI-Sec 7.01(2), and a cover letter describing how the offering will meet all the requirements for use of the exemption sought to be utilized.(2) If any information is reasonably required by the division prior to the effective date of an exemption, in connection with the examination of any notice filed pursuant to s. 551.201, 551.202, Stats., or rule or order under s. 551.203, Stats., the notice is not deemed filed until the information so required is filed with the division.(3) An order of the division disallowing an exemption with respect to a specified security or transaction pursuant to s. 551.201, 551.202, Stats., or rule or order under s. 551.203, Stats., has the same effect as an order denying or revoking an exemption pursuant to s. 551.204, Stats.Wis. Admin. Code Department of Financial Institutions § DFI-Sec 2.03
CR Register, December, 1969, No. 168, eff. 1-1-70; r. and reCR Register, August, 1972, No. 200, eff. 9-1-72; am. (1), Register, December, 1977, No. 264, eff. 1-1-78; r. and reCR (1), Register, December, 1981, No. 312, eff. 1-1-82; am. (1), Register, December, 1982, No. 324, eff. 1-1-83; am. (1), Register, December, 1991, No. 432, eff. 1-1-92; CR 08-077: am. Register December 2008 No. 636, eff. 1-1-09.