§ 77z-3. — General exemptive authority.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 15USC77z-3]
TITLE 15--COMMERCE AND TRADE
CHAPTER 2A--SECURITIES AND TRUST INDENTURES
SUBCHAPTER I--DOMESTIC SECURITIES
Sec. 77z-3. General exemptive authority
The Commission, by rule or regulation, may conditionally or
unconditionally exempt any person, security, or transaction, or any
class or classes of persons, securities, or transactions, from any
provision or provisions of this subchapter or of any rule or regulation
issued under this subchapter, to the extent that such exemption is
necessary or appropriate in the public interest, and is consistent with
the protection of investors.
(May 27, 1933, ch. 38, title I, Sec. 28, as added Pub. L. 104-290, title
I, Sec. 105(a), Oct. 11, 1996, 110 Stat. 3424; amended Pub. L. 105-353,
title III, Sec. 301(a)(5), Nov. 3, 1998, 112 Stat. 3235.)
Amendments
1998--Pub. L. 105-353 made technical correction relating to
placement of section in subchapter.
