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15 U.S.C. § 77z–4Data standards

submitted 93 years ago by Pub. L. 117-263 to r/title-15-COMMERCE-AND-TRADE · 103 words · no verdicts yet

in plain englishAI-generated · not legal advice

The SEC must set data standards for registration statements and their prospectuses, but it may exempt exhibits, signatures, and certifications. Those standards must match, as much as practical, the data standards required by section 5334 of title 12.

(a) Requirement. The SEC must adopt, by rule, data standards covering every registration statement filed under this subchapter, and every prospectus included in one — though the SEC may exempt exhibits, signatures, and certifications from those standards. (b) Consistency. Those data standards must line up with, and be compatible with (as far as is feasible), the data standards already set under section 5334 of title 12 — including, where practical, matching the specific characteristics listed in clauses (i) through (vi) of that section's subsection (c)(1)(B).
the actual law source: uscode.house.gov ↗public domain
(a) Requirement

The Commission shall, by rule, adopt data standards for all registration statements, and for all prospectuses included in registration statements, required to be filed with the Commission under this subchapter, except that the Commission may exempt exhibits, signatures, and certifications from those data standards.

(b) Consistency

The data standards required under subsection (a) shall incorporate, and ensure compatibility with (to the extent feasible), all applicable data standards established in the rules promulgated under section 5334 of title 12, including, to the extent practicable, by having the characteristics described in clauses (i) through (vi) of subsection (c)(1)(B) of such section 5334.

Source credit: (May 27, 1933, ch. 38, title I, § 29, as added Pub. L. 117–263, div. E, title LVIII, § 5821(e), Dec. 23, 2022, 136 Stat. 3426.)

history & why it existsrecord from the source credit
  • 1933Enacted · Pub. L. 117-263 · 136 Stat. 3426

A history note hasn’t been published yet. The record shows enactment by Pub. L. 117-263 on 1933-05-27.

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