Page:United States Statutes at Large Volume 113 Part 2.djvu/384

 113 STAT. 1404 PUBLIC LAW 106-102—NOV. 12, 1999 or dealer affiliate of the supervised investment bank holding company; and "(11) the extent to which the company or affiliate has complied with the provisions of this Act and regulations prescribed and orders issued under this Act. " (ii) FORM AND CONTENTS. —Such records and reports shall be prepared in such form and according to such specifications (including certification by an independent public accountant), as the Commission may require and shall be provided promptly at any time upon request by the Commission. Such records and reports may include— "(I) a balance sheet and income statement; "(II) an assessment of the consolidated capital of the supervised investment bank holding company; "(III) an independent auditor's report attesting to the supervised investment bank holding company's compliance with its internal risk management and internal control objectives; and "(IV) reports concerning the extent to which the company or affiliate has complied with the provisions of this title and any regulations prescribed and orders issued under this title. " (B) USE OF EXISTING REPORTS.— "(i) IN GENERAL.—The Commission shall, to the fullest extent possible, accept reports in fulfillment of the requirements under this paragraph that the supervised investment bank holding company or its affiliates have been required to provide to another appropriate regulatory agency or self-regulatory organization. "(ii) AVAILABILITY.— ^A supervised investment bank holding company or an affiliate of such company shall provide to the Commission, at the request of the Commission, any report referred to in clause (i). "(C) EXAMINATION AUTHORITY.— " (i) FOCUS OF EXAMINATION AUTHORITY.—The Commission may make examinations of any supervised investment bank holding company and any affiliate of such company in order to— "(I) inform the Commission regarding— "(aa) the nature of the operations and financial condition of the supervised investment bank holding company and its affiliates; "(bb) the financial and operational risks within the supervised investment bank holding company that may affect any broker or dealer controlled by such supervised investment bank holding company; and "(cc) the systems of the supervised investment bank holding company and its affiliates for monitoring and controlling those risks; and "(II) monitor compliance with the provisions of this subsection, provisions governing transactions and relationships between any broker or

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