22 U.S.C. § 290i–9 — Securities issued by Bank; Securities and Exchange Commission oversight

FEDERAL · 22 U.S.C. · Chapter 7

Securities issued by Bank; Securities and Exchange Commission oversight

22 U.S.C. § 290i–9

Title22 — Foreign Relations and Intercourse

Chapter7 — INTERNATIONAL BUREAUS, CONGRESSES, ETC.

SubchapterXXIV

Current throughPub. L. 119-99

This text of 22 U.S.C. § 290i–9 (Securities issued by Bank; Securities and Exchange Commission oversight) 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

22 U.S.C. § 290i–9.

Text

(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 Bank's 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 sp

Free access — add to your briefcase to read the full text and ask questions with AI

(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 Bank's 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) 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.

Source Credit

History

(Pub. L. 97–35, title XIII, §1341, Aug. 13, 1981, 95 Stat. 743.)

Editorial Notes

Editorial Notes

References in Text
The agreement, referred to in subsec. (a), is the agreement establishing the African Development Bank. See section 290i of this title.

Executive Documents

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.

Cite This Page — Counsel Stack

Bluebook (online)

22 U.S.C. § 290i–9, Counsel Stack Legal Research, https://law.counselstack.com/usc/22/290i–9.

Text

Related

Source Credit

History

Editorial Notes

Cite This Page — Counsel Stack