Title 22 — Foreign Relations and IntercourseRelease 119-73

§290o–7 Exemption from securities laws for certain securities issued by Bank; reports required

Title 22 › Chapter CHAPTER 7— - INTERNATIONAL BUREAUS, CONGRESSES, ETC. › Subchapter SUBCHAPTER XXX— - MIDDLE EAST DEVELOPMENT BANK › § 290o–7

Last updated Apr 6, 2026|Official source

Summary

Treated as exempt from certain federal securities laws, any securities the Bank issues or guarantees for borrowing are covered by 15 U.S.C. 77c(a)(2) and 15 U.S.C. 78c(a)(12). The Bank must file annual and other reports with the Securities and Exchange Commission as the Commission requires to protect investors. The SEC, after consulting an agency or officer the President names, may suspend that exemption at any time for any or all of the Bank’s securities. The SEC must include yearly information to Congress about how this rule is working and its effects.

Full Legal Text

Title 22, §290o–7

Foreign Relations and Intercourse — Source: USLM XML via OLRC

(a)Any securities issued by the Bank (including any guaranty by the Bank, whether or not limited in scope) in connection with borrowing of funds, or the guarantee of securities as to both principal and interest, shall be deemed to be exempted securities within the meaning of section 77c(a)(2) of title 15 and section 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 and necessary in the public interest or for the protection of investors.

(b)The Securities and Exchange Commission, acting in consultation with such agency or officer as the President shall designate, may 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 the Congress such information as it shall deem advisable with regard to the operations and effect of this section.

Reference

Citations & Metadata

Citation

22 U.S.C. § 290o–7

Title 22 — Foreign Relations and Intercourse

Last Updated

Apr 6, 2026

Release point: 119-73