N.Y. Comp. Codes R. & Regs. Tit. 23 § 500.24 - Exemptions from electronic filing and submission requirements

(a) A filer required to make an electronic filing or a submission pursuant to this Part may apply to the superintendent for an exemption from the requirement that the filing or submission be electronic by submitting a written request to the superintendent for approval at least 30 days before the filer shall submit to the superintendent the particular filing or submission that is the subject of the request.

(b) The request for an exemption shall:

(1) set forth the filer's DFS license number, NAIC number, Nationwide Multistate Licensing System number or institution number;

(2) identify the specific filing or submission for which the filer is applying for the exemption;

(3) specify whether the filer is making the request for an exemption based upon undue hardship, impracticability or good cause, and set forth a detailed explanation as to the reason that the superintendent should approve the request; and

(4) specify whether the request for an exemption extends to future filings or submissions, in addition to the specific filing or submission identified in paragraph (2) of this subdivision.

(c) The filer requesting an exemption shall submit, upon the superintendent's request, any additional information necessary for the superintendent to evaluate the filer's request for an exemption.

(d) The filer shall be exempt from the electronic filing or submission requirement upon the superintendent's written determination so exempting the filer, where the determination specifies the basis upon which the superintendent is granting the request and to which filings or submissions the exemption applies.

(e) If the superintendent approves a filer's request for an exemption from the electronic filing or submission requirement, then the filer shall make a filing or submission in a form and manner acceptable to the superintendent.

Notes

N.Y. Comp. Codes R. & Regs. Tit. 23 § 500.24

Adopted New York State Register November 1, 2023/Volume XLV, Issue 44, eff. 11/1/2023