Page:United States Statutes at Large Volume 101 Part 2.djvu/266

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PUBLIC LAW 100-000—MMMM. DD, 1987

101 STAT. 1252

PUBLIC LAW 100-181—DEC. 4, 1987

"(3) shall require all persons who make any filing with the Commission, in addition to complying with such other rules concerning the form and manner of filing as the Commission may prescribe, to submit such filings in written or printed form— "(A) for a period of at least one year after the effective date specified for such person or class under paragraph (2); ^xJ ^S or "(B) for a shorter period if the Commission determines .., _, that the EDGAR system (i) is reliable, (ii) provides a suitable alternative to such written and printed filings, and (iii) assures that the provision of information through the EDGAR system is as effective and efficient for filers, users, and disseminators as provision of such information in written or printed form. "(e) For the purposes of carrying out its responsibilities under subsection (d)(3) of this section, the Commission shall consult with representatives of persons filing, disseminating, and using information contained in filings with the Commission.". TITLE II—AMENDMENTS TO THE SECURITIES ACT OF 1933

Courts.

SEC. 201. Section 2(5) of the Securities Act of 1933 (15 U.S.C. 77b(5)) is amended by striking out "Federal Trade Commission" and inserting in lieu thereof "Securities and Exchange Commission". SEC. 202. Section 2(6) of the Securities Act of 1933 (15 U.S.C. 77b(6)) is amended by striking out "Canal Zone,". SEC. 203. Section 3(a)(l) of the Securities Act of 1933 (15 U.S.C. 77c(a)(l)) is amended by striking all that appears therein and inserting in lieu thereof "(1) Reserved.". SEC. 204. Section 3(a)(5)(A) of the Securities Act of 1933 (15 U.S.C. 77c(a)(5)(A)) is amended by striking out ", except that the foregoing exemption shall not apply with respect to any such security where the issuer takes from the total amount paid or deposited by the purchaser, by way of any fee, cash value or other device whatsoever, either upon termination of the investment at maturity or before maturity, an aggregate amount in excess of 3 per centum of the face value of such security". SEC. 205. Section 6(e) of the Securities Act of 1933 (15 U.S.C. 77f(e)) is repealed. SEC. 206. Section 9(a) of the Securities Act of 1933 (15 U.S.C. 77i(a)) is amended— (1) by striking out "Circuit Court of Appeals" and inserting in lieu thereof "court of appeals"; (2) by striking out "Court of Appeals of the District of Columbia, by filing in such court" and inserting in lieu thereof "United States Court of Appeals for the District of Columbia, by filing in such Court"; and .; (3) by striking out "sections 239 and 240 of the Judicial Code, as amended (U.S.C. title 28, secs. 346 and 347)" and inserting in lieu thereof "section 1254 of title 28, United States Code". SEC. 207. Section 19(c) of the Securities Act of 1933 (15 U.S.C. 77s(c)) is amended by adding at the end thereof the following new paragraph: "(6) Notwithstanding any other provision of law, neither the Commission nor any other person shall be required to establish any procedures not specifically required by the securities laws, as that