Okla. Stat. tit. 71, § 71-457: Powers of Administrator - Rules and forms - Exemptions

from act.

A. In administering the provisions of this act, the

Administrator of the Department of Securities may exercise all

powers granted to him under the Oklahoma Securities Act, which are

not inconsistent with this act.

B. The Administrator may make and adopt such rules and forms as

are necessary to carry out the purposes of this act, including,

without limitation, rules defining terms used in this act.

C. The Administrator may by rule or order exempt from any

provisions of this act any proposed take-over offer or any category

or type of take-over offer which the Administrator determines does

not have the purpose or effect of changing or influencing the

control of a target company or where he determines that compliance

with this act is not necessary for the protection of the offerees,

and the Administrator may similarly exempt any persons from the

requirement of filing statements under this act.