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.
S.D. Admin. R. 20:06:04:18
General Authority: SDCL 58-5-77.
Law Implemented: SDCL 58-5-69.