22-U.S.C.-290I-9
§290I-9 – §290I-9. Securities Issued By Bank; Securities and Exchange Commission Oversight
Pathway
Title 22 > Chapter 7 > Subchapter XXIV > Section 290i-9
Details
- Reference: Section 290i-9
- Legend: §290I-9 – §290I-9. Securities Issued By Bank; Securities and Exchange Commission Oversight
- USCode Year: 2013
Provision Content
(a) Treatment as exempt securities; reports to Securities and Exchange Commission
Any securities issued by the Bank (including any guarantee by the Bank, whether or not limited in scope) in connection with the raising of funds for inclusion in the Banks ordinary capital resources as defined in article 9 of the agreement and any securities guaranteed by the Bank as to both principal and interest to which the commitment in article 7, paragraph 4(a), of the agreement is expressly applicable, shall be deemed to be exempted securities within the meaning of sections 77c(a)(2) and 78c(a)(12) of title 15. The Bank shall file with the Securities and Exchange Commission such annual and other reports with regard to such securities as the Commission shall determine to be appropriate in view of the special character of the Bank and its operations as necessary in the public interest or for the protection of investors.
(b) Suspension of provisions; reports to Congress
The Securities and Exchange Commission, acting in consultation with such agency or officer as the President shall designate, is authorized to suspend the provisions of subsection (a) of this section at any time as to any or all securities issued or guaranteed by the Bank during the period of such suspension. The Commission shall include in its annual reports to Congress such information as it shall deem advisable with regard to the operations and effect of this section and in connection therewith shall include any views submitted for such purpose by any association of dealers registered with the Commission.
(Pub. L. 97–35, title XIII, §1341, Aug. 13, 1981, 95 Stat. 743.)
References in Text
The agreement, referred to in subsec. (a), is the agreement establishing the African Development Bank. See section 290i of this title.
Delegation of Functions
Functions of President under subsec. (b) delegated to Secretary of the Treasury, see Ex. Ord. No. 12403, Feb. 8, 1983, 48 F.R. 6087.
U.S. Encyclopedia of Law Coverage
22-U.S.C.-290I-9 in the Legal Encyclopedia: Foreign Relations
In this entry about 22-U.S.C.-290I-9, find legal reference material, bibliographies and premiere content related to foreign relations in the American Encyclopedia of Law, presenting a comprehensive view of the United States foreign relations-specific issues, written by authorities in the field.
22-U.S.C.-290I-10 in the Legal Encyclopedia: Africa
In this entry about 22-U.S.C.-290I-10, find legal reference material, bibliographies and premiere content related to africa in the American Encyclopedia of Law, presenting a comprehensive view of the United States africa-specific issues, written by authorities in the field.
Leave a Reply