Laws: Cases and Codes : U.S. Code : Title 15 : Section 78q


   

U.S. Code as of: 01/19/04
Section 78q - Notes
                                   SOURCE
    (June 6, 1934, ch. 404, title I, Sec. 17, 48 Stat. 897; May 27,
    1936, ch. 462, Sec. 4, 49 Stat. 1379; June 25, 1938, ch. 677, Sec.
    5, 52 Stat. 1076; Pub. L. 94-29, Sec. 14, June 4, 1975, 89 Stat.
    137; Pub. L. 99-571, title I, Sec. 102(h), (i), Oct. 28, 1986, 100
    Stat. 3219; Pub. L. 100-181, title III, Sec. 321, title VIII, Sec.
    801(b), Dec. 4, 1987, 101 Stat. 1257, 1265; Pub. L. 101-432, Sec.
    4(a), Oct. 16, 1990, 104 Stat. 966; Pub. L. 104-290, title I, Sec.
    108, Oct. 11, 1996, 110 Stat. 3425; Pub. L. 105-353, title III,
    Sec. 301(b)(5), Nov. 3, 1998, 112 Stat. 3236; Pub. L. 106-102,
    title II, Sec. 231(a), Nov. 12, 1999, 113 Stat. 1402; Pub. L.
    106-554, Sec. 1(a)(5) [title II, Sec. 204], Dec. 21, 2000, 114
    Stat. 2763, 2763A-424; Pub. L. 107-204, title II, Sec. 205(c)(2),
    July 30, 2002, 116 Stat. 774.)
                            REFERENCES IN TEXT                        
      This chapter, referred to in subsecs. (a)(1), (b), (d)(1)(A),
    (B), (e)(2), (g), (i)(3)(A)(ii)(IV), and (k)(5), was in the
    original "this title", and this chapter, referred to in subsec.
    (i)(3)(A)(i)(II), was in the original "this Act". See References in
    Text note set out under section 78a of this title.
      Subchapter VIII of chapter 3 of title 12, referred to in subsec.
    (h)(3)(B), was in the original "section 9 of the Federal Reserve
    Act", meaning section 9 of act Dec. 23, 1913, ch. 6, 38 Stat. 251,
    as amended, which is classified generally to subchapter VIII (Sec.
    321 et seq.) of chapter 3 of Title 12, Banks and Banking.
      Section 3401(6) of title 12, referred to in subsec. (h)(4)(A),
    was redesignated section 3401(7) of title 12 by Pub. L. 101-73,
    title IX, Sec. 941(1), Aug. 9, 1989, 103 Stat. 496.
      Section 25A of the Federal Reserve Act, referred to in subsec.
    (i)(1)(A)(iii), is classified to subchapter II (Sec. 611 et seq.)
    of chapter 6 of Title 12, Banks and Banking.
      The Bank Secrecy Act, referred to in subsec. (i)(3)(C)(i)(II), is
    also the popular name of title I of Pub. L. 91-508, Oct. 26, 1970,
    84 Stat. 1114, as amended, which is classified principally to
    chapter 21 (Sec. 1951 et seq.) of Title 12, Banks and Banking. For
    complete classification of this Act to the Code, see Short Title
    note set out under section 1951 of Title 12 and Tables.
                                AMENDMENTS                            
      2002 - Subsecs. (e)(1)(A), (i)(3)(A)(ii). Pub. L. 107-204
    substituted "a registered public accounting firm" for "an
    independent public accountant".
      2000 - Subsec. (b). Pub. L. 106-554, Sec. 1(a)(5) [title II, Sec.
    204(5)], which directed amendment of subsec. (b) by adding at the
    end pars. (2) to (4)(B), was executed by making the addition after
    par. (1), to reflect the probable intent of Congress.
      Pub. L. 106-554, Sec. 1(a)(5) [title II, Sec. 204(1) to (4),
    (6)], inserted subsec. heading, inserted par. (1) designation and
    heading before "All", substituted "prior to conducting any such
    examination of a - " for "prior to conducting any such examination
    of a", inserted subpar. (A) designation before "registered
    clearing", added subpar. (B), designated last sentence as par.
    (4)(C) and substituted "Nothing in the proviso in paragraph (1)"
    for "Nothing in the proviso to the preceding sentence".
      1999 - Subsecs. (i) to (k). Pub. L. 106-102 added subsecs. (i)
    and (j) and redesignated former subsec. (i) as (k).
      1998 - Subsec. (g). Pub. L. 105-353 substituted "Board of
    Governors of the Federal Reserve System" for "Federal Reserve
    Board" in first sentence.
      1996 - Subsec. (i). Pub. L. 104-290 added subsec. (i).
      1990 - Subsec. (h). Pub. L. 101-432 added subsec. (h).
      1987 - Subsec. (c)(2). Pub. L. 100-181, Sec. 321(1), substituted
    new par. (2) for former par. (2) which read as follows: "The
    appropriate regulatory agency for a clearing agency, transfer
    agent, or municipal securities dealer for which the Commission is
    not the appropriate regulatory agency shall file with the
    Commission notice of the commencement of any proceeding and a copy
    of any order entered by such appropriate regulatory agency against
    such clearing agency, transfer agent, or municipal securities
    dealer, and the Commission shall file with such appropriate
    regulatory agency notice of the commencement of any proceeding and
    a copy of any order entered by the Commission against such clearing
    agency, transfer agent, or municipal securities dealer."
      Subsec. (f)(1)(A). Pub. L. 100-181, Sec. 801(b), substituted
    "securities issued pursuant to chapter 31 of title 31" for
    "government securities".
      Subsec. (f)(2). Pub. L. 100-181, Sec. 321(2), inserted at end
    "Notwithstanding any other provision of law, in providing
    identification and processing functions, the Attorney General shall
    provide the Commission and self-regulatory organizations designated
    by the Commission with access to all criminal history record
    information."
      Subsec. (f)(3)(A). Pub. L. 100-181, Sec. 321(3), substituted
    "paragraph (1)" for "paragraphs (1) and (2)".
      1986 - Subsec. (c)(4). Pub. L. 99-571, Sec. 102(h), added par.
    (4).
      Subsec. (f)(1). Pub. L. 99-571, Sec. 102(i)(1), inserted
    "government securities broker, government securities dealer," in
    introductory provisions and in subpar. (A).
      Subsec. (f)(1)(A). Pub. L. 99-571, Sec. 102(i)(2), inserted "and,
    in the case of government securities, to the Secretary of the
    Treasury".
      Subsec. (f)(3). Pub. L. 99-571, Sec. 102(i)(3), designated
    existing provisions as subpar. (A) and added subpar. (B).
      1975 - Subsec. (a). Pub. L. 94-29 designated existing provisions
    as par. (1), expanded the coverage to require registered municipal
    securities dealers, the Municipal Securities Rulemaking Board,
    registered securities information processors, and registered
    clearing agencies to make and keep such records, to furnish copies
    thereof, and to make such reports as the Commission may prescribe
    and clarified the Commission's authority to require the
    dissemination of reports submitted pursuant to the rules of the
    Commission, and added pars. (2) and (3).
      Subsecs. (b) to (g). Pub. L. 94-29 added subsecs. (b) to (f) and
    redesignated former subsec. (b) as (g).
      1938 - Subsec. (a). Act June 25, 1938, inserted "every registered
    securities association".
      1936 - Subsec. (a). Act May 27, 1936, substituted "every broker
    or dealer registered pursuant to section 78o of this title" for
    "every broker or dealer making or creating a market for both the
    purchase and sale of securities through the use of the mails or of
    any means or instrumentality of interstate commerce".
                           TRANSFER OF FUNCTIONS                       
      For transfer of functions of Securities and Exchange Commission,
    with certain exceptions, to Chairman of such Commission, see Reorg.
    Plan No. 10 of 1950, Secs. 1, 2, eff. May 24, 1950, 15 F.R. 3175,
    64 Stat. 1265, set out under section 78d of this title.
                   SECTION REFERRED TO IN OTHER SECTIONS               
      This section is referred to in sections 78c, 78f, 78o, 78o-3,
    78o-4, 78o-5, 78q-1, 78s, 78y, 78hh, 78fff-1, 78iii, 7217 of this
    title; title 7 sections 1a, 2, 6d.

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