N.M. Stat. § 58-13C-203
Additional exemptions and waivers.
A rule adopted or order issued pursuant to the New Mexico Uniform Securities Act
may exempt a security, transaction or offer; a rule pursuant to the New Mexico Uniform
Securities Act may exempt a class of securities, transactions or offers from any or all of
the requirements of Sections 301 [58-13C-301 NMSA 1978] through 306 [58-13C-306
NMSA 1978] and 504 [58-13C-504 NMSA 1978] of that act; and an order pursuant to
the New Mexico Uniform Securities Act may waive, in whole or in part, any or all of the
conditions for an exemption or offer pursuant to Sections 201 [58-13C-201 NMSA 1978]
and 202 [58-13C-202 NMSA 1978] of that act. The director may by rule require notice of
filing for any exemption contained in Section 201 or 202 of the New Mexico Uniform
Securities Act and may require payment of a fee not to exceed three hundred fifty
dollars ($350) for any such notice of filing, except that no fee shall be required for filing
a notice of exemption pursuant to Subsection Y of Section 202 of that act.