[USC02] 22 USC 290l-7: Exemption from securities laws for certain securities issued by Bank; reports required
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22 USC 290l-7: Exemption from securities laws for certain securities issued by Bank; reports required Text contains those laws in effect on September 17, 2019
From Title 22-FOREIGN RELATIONS AND INTERCOURSECHAPTER 7-INTERNATIONAL BUREAUS, CONGRESSES, ETC.SUBCHAPTER XXVII-EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT

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

(a) Exemption from securities laws; reports to Securities and Exchange Commission

Any securities issued by the Bank (including any guaranty 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 7 of the Agreement and any securities guaranteed by the Bank as to both principal and interest to which the commitment in article 6, paragraph 4, of the Agreement is expressly applicable, 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) Authority of Securities and Exchange Commission to suspend exemption; reports to Congress

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.

( Pub. L. 101–513, title V, §562(c)(9), Nov. 5, 1990, 104 Stat. 2035 .)

Codification

Subsecs. (a) and (b) were in the original (A) and (B), respectively, and were editorially redesignated for purposes of codification.