Page:Emergency Economic Stabilization Act of 2008.djvu/39

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O:L4YOL4YO08C04.xml 39 1 (B) OTHER EXCEPTIONS.--The Secretary 2 shall establish an exception to the requirements 3 of' this subsection and appropriate alternative 4 requirements for any participating financial in- 5 stitution that is legally prohibited from issuing 6 securities and debt instruments, so as not to 7 allow eireumvention of the requirements of this 8 section. 9 SEC. 114. MARKET TRANSPARENCY. 10 (a) PRICING. To facilitate market transparency, the 11 Secreta?T shall make available to the public, in electronic 12 form, a description, amounts, and pricing of assets ac- 13 quired under this Act, within 2 business days of purchase, 14 trade, or other disposition. 15 (b) DISCLOSURE.--For each type of financial institu- 16 tions that sells troubled assets to the Secreta?T under this 17 Act, the Secreta?T shall determine whether the public dis- 18 closure required for such financial institutions with re- 19 spect to off-balance sheet transactions, derivatives instru- 20 merits, contingent liabilities, and similar sources of poten- 21 tial exposure is adequate to provide to the public sufficient 22 information as to the true financial position of the institu- 23 tions. If such disclosure is not adequate for that purpose, 24 the Secreta?T shall make recommendations for additional 25 disclosure requirements to the relevant regulators.