124 STAT. 1618 PUBLIC LAW 111–203—JULY 21, 2010 such information and documents as the Board of Governors, by regulation, may prescribe as necessary or appropriate in furtherance of the purposes of this section. (B) EFFECTIVE DATE.—A securities holding company that registers under subparagraph (A) shall be deemed to be a supervised securities holding company, effective on the date that is 45 days after the date of receipt of the registration information and documents under subpara- graph (A) by the Board of Governors, or within such shorter period as the Board of Governors, by rule or order, may determine. (c) SUPERVISION OF SECURITIES HOLDING COMPANIES.— (1) RECORDKEEPING AND REPORTING.— (A) RECORDKEEPING AND REPORTING REQUIRED.—Each supervised securities holding company and each affiliate of a supervised securities holding company shall make and keep for periods determined by the Board of Governors such records, furnish copies of such records, and make such reports, as the Board of Governors determines to be necessary or appropriate to carry out this section, to prevent evasions thereof, and to monitor compliance by the supervised securities holding company or affiliate with applicable provisions of law. (B) FORM AND CONTENTS.— (i) IN GENERAL.—Any record or report required to be made, furnished, or kept under this paragraph shall— (I) be prepared in such form and according to such specifications (including certification by a registered public accounting firm), as the Board of Governors may require; and (II) be provided promptly to the Board of Gov- ernors at any time, upon request by the Board of Governors. (ii) CONTENTS.—Records and reports required to be made, furnished, or kept under this paragraph may include— (I) a balance sheet or income statement of the supervised securities holding company or an affiliate of a supervised securities holding com- pany; (II) an assessment of the consolidated capital and liquidity of the supervised securities holding company; (III) a report by an independent auditor attesting to the compliance of the supervised secu- rities holding company with the internal risk management and internal control objectives of the supervised securities holding company; and (IV) a report concerning the extent to which the supervised securities holding company or affil- iate has complied with the provisions of this sec- tion and any regulations prescribed and orders issued under this section. (2) USE OF EXISTING REPORTS.— (A) IN GENERAL.—The Board of Governors shall, to the fullest extent possible, accept reports in fulfillment
