15 U.S.C. § 77z–3 — General exemptive authority

FEDERAL · 15 U.S.C. · Chapter SUBCHAPTER I—DOMESTIC SECURITIES

General exemptive authority

15 U.S.C. § 77z–3

ChapterSUBCHAPTER I—DOMESTIC SECURITIES

This text of 15 U.S.C. § 77z–3 (General exemptive authority) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

15 U.S.C. § 77z–3.

Text

The Commission, by rule or regulation, may conditionally or unconditionally exempt any person, security, or transaction, or any class or classes of persons, securities, or transactions, from any provision or provisions of this subchapter or of any rule or regulation issued under this subchapter, to the extent that such exemption is necessary or appropriate in the public interest, and is consistent with the protection of investors.

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The Commission, by rule or regulation, may conditionally or unconditionally exempt any person, security, or transaction, or any class or classes of persons, securities, or transactions, from any provision or provisions of this subchapter or of any rule or regulation issued under this subchapter, to the extent that such exemption is necessary or appropriate in the public interest, and is consistent with the protection of investors.

Source Credit

History

(May 27, 1933, ch. 38, title I, §28, as added Pub. L. 104–290, title I, §105(a), Oct. 11, 1996, 110 Stat. 3424; amended Pub. L. 105–353, title III, §301(a)(5), Nov. 3, 1998, 112 Stat. 3235.)

Editorial Notes

Editorial Notes

Amendments
1998—Pub. L. 105–353 made technical correction relating to placement of section in subchapter.

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Bluebook (online)

15 U.S.C. § 77z–3, Counsel Stack Legal Research, https://law.counselstack.com/usc/15/77z–3.