§77sss Rules, regulations, and orders

Summary

The Commission can make, change, or cancel rules and orders it thinks are needed to protect investors and carry out this part of the law. It can set how to calculate percentages of voting and other securities for section 77jjj(b). It can write definitions for the terms "cash transaction" and "self-liquidating paper" to include some creditor relationships listed in paragraphs (4) and (6) of section 77kkk(b) when the Commission decides section 77kkk(a) need not apply for the public interest or investor protection. The Commission can also set the required form for filings and group people, securities, and indentures into classes with different rules. Subject to chapter 15 of title 44 and rules under it, the Commission’s rules take effect when it publishes them as it directs, or on a later date it sets. No one is liable for an act done in good faith that follows a Commission rule, even if that rule is later changed, removed, or found invalid.