15 U.S.C. § 77z–4: Data standards

Summary

The Commission must create rules that set common data formats for all registration statements and for the prospectuses inside those statements that must be filed under this law. The Commission can exclude exhibits, signatures, and certifications from those data rules. The data formats must include and be compatible, as much as possible, with the data standards in section 5334 of title 12. When practical, they should also have the features listed in clauses (i) through (vi) of subsection (c)(1)(B) of that same section.

Title 15, §77z–4

Commerce and Trade, Source: USLM XML via OLRC

(a)Requirement

The Commission shall, by rule, adopt data standards for all registration statements, and for all prospectuses included in registration statements, required to be filed with the Commission under this subchapter, except that the Commission may exempt exhibits, signatures, and certifications from those data standards.

(b)Consistency

The data standards required under subsection (a) shall incorporate, and ensure compatibility with (to the extent feasible), all applicable data standards established in the rules promulgated under section 5334 of title 12, including, to the extent practicable, by having the characteristics described in clauses (i) through (vi) of subsection (c)(1)(B) of such section 5334.

Notes & Related Subsidiaries

Editorial Notes

Codification section 5821(e) of Pub. L. 117–263 directed that this section be added at the end of title I of the Securities Act of 1933, which is classified to this subchapter. For purposes of codification, however, this section was added after section 77z–3 of this title and before Schedules A and B set out at section 77aa of this title.

Statutory Notes and Related Subsidiaries

Rule of

Construction

—No New Disclosure RequirementsEnactment of section not to be construed to require certain additional information to be collected or disclosed, see section 5826 of Pub. L. 117–263, set out as a note under section 77g of this title.

§77z–4 Data Standards