SAN or No SAN: DM/Live/Cold Call Lead

Looking into supplementing with leads. Remember Josh had a thread about registering for a SAN but I was unable to find it in 10 pages of threads. Maybe I missed it. I did check the faqs section on the Listshack page -only thing I remembered.

Would it still be required to register for a SAN if the purchased list consisted of DM Leads/Live Leads in comparison to just purchasing a list itself with purpose of cold calling?

Not sure if Im making sense but pretty much a Live Lead/DM Lead List vs Cold Call List.
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