(1) An issuer that has completed, discontinued, or terminated the sale of securities registered with the commissioner shall annually while registered and upon completion, discontinuance, or termination of the sale of registered securities notify the commissioner in writing and shall also submit a complete sales report that includes, for this state, the number of units and the aggregate dollar amount of sales.

(2) Until written notice has been provided as required by (1) of this rule, the commissioner shall be notified of each change in the officers, directors, trustees, partners, or other principal members of a registrant within 15 days of the change.