1. Exemption authority. The administrator may by rule or order exempt from any provision of this article the following:
a. A proposed takeover offer or a category or type of takeover offer which the administrator determines does not have the purpose or effect of changing or influencing the control of a target company.
b. A proposed takeover offer for which the administrator determines that compliance with the sections is not necessary for the protection of the offerees.
c. A person from the requirement of filing statements.
2. Conflicts with chapter 17A. In the event of a conflict between the provisions of chapter 17A and the provisions of this article, the provisions of this article shall prevail.