Page:United States Statutes at Large Volume 104 Part 4.djvu/400

 104 STAT. 2716 PUBLIC LAW 101-550 —NOV. 15, 1990 (2) in paragraph (4)(B)(i), by inserting after "burglary," the following: "any substantially equivalent activity however denominated by the laws of the relevant foreign government,"; (3) in paragraph (4)(B)(ii)— (A) by inserting after "transfer agent," the following: "foreign person performing a function substantially equivalent to any of the above,"; (B) by inserting after "(7 U.S.C. 1 et seq.)" the following: "or any substantially equivalent foreign statute or regulation"; (4) in paragraph (4)(B)(iii), by inserting after "securities" the following: ", or substantially equivalent activity however denominated by the laws of the relevant foreign government"; (5) in paragraph (4)(B)(iv), by inserting after "United States Code" the following: ", or a violation of a substantially equivalent foreign statute'; (6) in paragraph (4)(C)— (A) by inserting after "transfer agent," the following: "foreign person performing a function substantieilly equivalent to any of the above,"; (B) by inserting after "Commodity Exchange Act" each time it appears the following: "or any substantially equivalent foreign statute or regulation"; and (C) by inserting after "insurance company," the following: "foreign entity substantially equivalent to any of the above,"; and (7) by inserting after subparagraph (F) of paragraph (4) the following: "(G) has been found by a foreign financial regulatory authority to have— "(i) made or caused to be made in any application for registration or report required to be filed with a foreign financial regulatory authority, or in any proceeding before a foreign financial regulatory authority with respect to registration, any statement that was at the time and in the light of the circumstances under which it was made false or misleading with respect to any material fact, or has omitted to state in any application or report to the foreign financial regulatory authority any material fact that is required to be stated therein; "(ii) violated any foreign statute or regulation regarding transactions in securities, or contracts of sale of a commodity for future delivery, traded on or subject to the rules of a contract market or any board of trade; "(iii) aided, abetted, counseled, commanded, induced, or procured the violation by any person of any provision of any statutory provisions enacted by a foreign government, or rules or regulations thereunder, empowering a foreign financieil regulatory authority regarding transactions in securities, or contracts of sale of a commodity for future delivery, traded on or subject to the rules of a contract market or any board of trade, or has been found, by a foreign financial regulatory authority, to have failed reasonably to supervise, with a view to preventing violations of such statutory provisions, rules, and regulations, another person who commits such a violation, if such other person is subject to his supervision.".

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