12-U.S.C.-5237

§5237 – Authority to Suspend Mark-to-Market Accounting

Pathway

Title 12 > Chapter 52 > Subchapter I > Section 5237

Details

• Reference: Section 5237
• Legend: §5237 – Authority to Suspend Mark-to-Market Accounting
• USCode Year: 2013

Provision Content

(a) Authority

The Securities and Exchange Commission shall have the authority under the securities laws (as such term is defined in section 78c(a)(47) of title 15) to suspend, by rule, regulation, or order, the application of Statement Number 157 of the Financial Accounting Standards Board for any issuer (as such term is defined in section 78c(a)(8) of such title) or with respect to any class or category of transaction if the Commission determines that is necessary or appropriate in the public interest and is consistent with the protection of investors.

(b) Savings provision

Nothing in subsection (a) shall be construed to restrict or limit any authority of the Securities and Exchange Commission under securities laws as in effect on October 3, 2008.

(Pub. L. 110–343, div. A, title I, §132, Oct. 3, 2008, 122 Stat. 3798.)

U.S. Encyclopedia of Law Coverage

12-U.S.C.-5225 in the Legal Encyclopedia: Banking Law

In this entry about 12-U.S.C.-5225, find legal reference material, bibliographies and premiere content related to banking law in the American Encyclopedia of Law, presenting a comprehensive view of the United States banking law-specific issues, written by authorities in the field.

Topic Map

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