NYS DFS Cybersecurity Limited Exemption Filing Process

This is not intended to be nor should it be viewed as legal advice or as a complete

assessment of the topic discussed herein.

NYS DFS Cybersecurity Limited Exemption

Section 500.19 Exemptions. (a) Limited Exemption. Each Covered Entity with: (1) fewer than 10 employees including any independent contractors, or (2) less than $5,000,000 in gross annual revenue in each of the last three fiscal years, or (3) less than $10,000,000 in year-end total assets, calculated in accordance with generally accepted accounting principles, including assets of all Affiliates, shall be exempt from the requirements of sections 500.04, 500.05, 500.06, 500.08, 500.10, 500.12, 500.14, 500.15, and 500.16 of this Part. There’s more; the entire regulation is available at http://www.dfs.ny.gov/legal/regulations/adoptions/dfsrf500txt.pdf

NYS DFS Cybersecurity Limited Exemption

(e) A Covered Entity that qualifies for any of the above exemptions pursuant to this section shall file a Notice of Exemption in the form set forth as Appendix B within 30 days of the determination that the Covered Entity is exempt. If you meet the criteria for a limited exemption, you must file a notice on line by September 27, 2017

http://www.dfs.ny.gov/about/cybersecurity.htm

Click here

Click on “Submit Cybersecurity Notice of Exemption”

Click on “Create Account”

Complete all required fields, then click Save”

Check your email; you’ll receive a link to create your account password. Once you’ve done that, sign in to your account.

Once you’ve signed in to your account, click on the Cybersecurity link as shown below.

Click “Submit Cybersecurity Notice of Exemption” if you’ve concluded that you qualify for the exemption.

Enter your license number, NAIC number or name in the field , click “Next” and wait for a menu of choices to appear. When

the menu appears, click on the appropriate choice.

Select the appropriate exemptions then click “Next”

Complete the contact person information fields then click “Submit”

You’ll see this screen and you’ll receive an email with your confirmation number.