Page:United States Statutes at Large Volume 110 Part 5.djvu/352

 110 STAT. 3426 PUBLIC LAW 104-290—OCT. 11, 1996 24(c) to ensure that such information is not inappropriately disclosed. "(B) APPROPRIATE DISCLOSURE NOT PROHIBITED.—Nothing in this paragraph authorizes the Commission or any examining authority to withhold information from the Congress, or prevent the Commission or any examining authority from complying with a request for information from any other Federal department or agency requesting the information for purposes within the scope of its jurisdiction, or complying with an order of a court of the United States in an action brought by the United States or the Commission. "(5) DEFINITION. — For purposes of this subsection, the term 'examining authority' means a self-regulatory organization registered with the Commission under this title (other than a registered clearing agency) with the authority to examine, inspect, and otherwise oversee the activities of a registered broker or dealer.". 15 USC 77e note. SEC. 109. INCREASED ACCESS TO FOREIGN BUSINESS INFORMATION. Not later than 1 year after the date of enactment of this Act, the Commission shall adopt rules under the Securities Act of 1933 concerning the status under the registration provisions of the Securities Act of 1933 of foreign press conferences and foreign press releases by persons engaged in the offer and sale of securities. Investment Company Act Amendments of 1996. TITLE II—INVESTMENT COMPANY ACT AMENDMENTS 15 USC 80a-51 SEC. 201. SHORT TITLE. This title may be cited as the "Investment Company Act Amendments of 1996". SEC. 202. FUNDS OF FUNDS. Section 12(d)(1) of the Investment Company Act of 1940 (15 U.S.C. 80a-12(d)(l)) is amended— (1) in subparagraph (E)(iii)— (A) by striking "in the event such investment company is not a registered investment company,"; and (B) by inserting "in the event that such investment company is not a registered investment company," after " (bb)"; (2) by redesignating subparagraphs (G) and (H) as subparagraphs (H) and (I), respectively; (3) by striking "this paragraph (1)" each place that term appears and inserting "this paragraph"; (4) by inserting after subparagraph (F) the following new subparagraph: "(G)(i) This paragraph does not apply to securities of a registered open-end investment company or a registered unit investment trust (hereafter in this subparagraph referred to as the 'acquired company') purchased or otherwise acquired by a registered open-end investment company or a registered unit investment trust (hereafter in this subparagraph referred to as the 'acquiring compan/) if—

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