
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 15USC80a-37]

 
                      TITLE 15--COMMERCE AND TRADE
 
              CHAPTER 2D--INVESTMENT COMPANIES AND ADVISERS
 
                   SUBCHAPTER I--INVESTMENT COMPANIES
 
Sec. 80a-37. Rules, regulations, and orders


(a) Powers of Commission

    The Commission shall have authority from time to time to make, 
issue, amend, and rescind such rules and regulations and such orders as 
are necessary or appropriate to the exercise of the powers conferred 
upon the Commission elsewhere in this subchapter, including rules and 
regulations defining accounting, technical, and trade terms used in this 
subchapter, and prescribing the form or forms in which information 
required in registration statements, applications, and reports to the 
Commission shall be set forth. For the purposes of its rules or 
regulations the Commission may classify persons, securities, and other 
matters within its jurisdiction and prescribe different requirements for 
different classes of persons, securities, or matters.

(b) Filing of information and documents

    The Commission, by such rules and regulations or order as it deems 
necessary or appropriate in the public interest or for the protection of 
investors, may authorize the filing of any information or documents 
required to be filed with the Commission under this subchapter, 
subchapter II of this chapter, the Securities Act of 1933 [15 U.S.C. 77a 
et seq.], the Securities Exchange Act of 1934 [15 U.S.C. 78a et seq.], 
the Public Utility Holding Company Act of 1935 [15 U.S.C. 79 et seq.], 
or the Trust Indenture Act of 1939 [15 U.S.C. 77aaa et seq.], by 
incorporating by reference any information or documents theretofore or 
concurrently filed with the Commission under this subchapter or any of 
such Acts.

(c) Good faith conformance with rules, regulations, and orders

    No provision of this subchapter imposing any liability shall apply 
to any act done or omitted in good faith in conformity with any rule, 
regulation, or order of the Commission, notwithstanding that such rule, 
regulation, or order may, after such act or omission, by amended or 
rescinded or be determined by judicial or other authority to be invalid 
for any reason.

(Aug. 22, 1940, ch. 686, title I, Sec. 38, 54 Stat. 841.)

                       References in Text

    The Securities Act of 1933, referred to in subsec. (b), is act May 
27, 1933, ch. 38, title I, 48 Stat. 74, as amended, which is classified 
generally to subchapter I (Sec. 77a et seq.) of chapter 2A of this 
title. For complete classification of this Act to the Code, see section 
77a of this title and Tables.
    The Securities Exchange Act of 1934, referred to in subsec. (b), is 
act June 6, 1934, ch. 404, 48 Stat. 881, as amended, which is classified 
generally to chapter 2B (Sec. 78a et seq.) of this title. For complete 
classification of this Act to the Code, see section 78a of this title 
and Tables.
    The Public Utility Holding Company Act of 1935, referred to in 
subsec. (b), is act Aug. 26, 1935, ch. 687, title I, 49 Stat. 838, as 
amended, which is classified generally to chapter 2C (Sec. 79 et seq.) 
of this title. For complete classification of this Act to the Code, see 
section 79 of this title and Tables.
    The Trust Indenture Act of 1939, referred to in subsec. (b), is 
title III of act May 27, 1933, ch. 38, as added Aug. 3, 1939, ch. 411, 
53 Stat. 1149, as amended, which is classified generally to subchapter 
III (Sec. 77aaa et seq.) of chapter 2A of this title. For complete 
classification of this Act to the Code, see section 77aaa of this title 
and Tables.

                          Transfer of Functions

    For transfer of functions of Securities and Exchange Commission, 
with certain exceptions, to Chairman of such Commission, see Reorg. Plan 
No. 10 of 1950, Secs. 1, 2, eff. May 24, 1950, 15 F.R. 3175, 64 Stat. 
1265, set out under section 78d of this title.

                  Section Referred to in Other Sections

    This section is referred to in sections 80a-6, 80a-58 of this title.
