Page:United States Statutes at Large Volume 124.djvu/1490

 124 STAT. 1464 PUBLIC LAW 111–203—JULY 21, 2010 the ability of the Corporation to avoid or mitigate serious adverse effects on financial stability or eco- nomic conditions in the United States. (ii) TRANSFER OF PROPERTY.—SIPC, as trustee for the liquidation of the covered broker or dealer, and the Commission shall provide any and all reasonable assistance necessary to complete such transfers by the Corporation. (iii) CUSTOMER CONSENT AND COURT APPROVAL NOT REQUIRED.—Neither customer consent nor court approval shall be required to transfer any customer accounts or associated customer name securities or customer property to a bridge financial company in accordance with this section. (iv) NOTIFICATION OF SIPC AND SHARING OF INFORMATION.—The Corporation shall identify to SIPC the customer accounts and associated customer name securities and customer property transferred to the bridge financial company. The Corporation and SIPC shall cooperate in the sharing of any information nec- essary for each entity to discharge its obligations under this title and under the Securities Investor Protection Act of 1970 (15 U.S.C. 78aaa et seq.) including by providing access to the books and records of the covered financial company and any bridge financial company established in accordance with this title. (2) DETERMINATION OF CLAIMS.— (A) IN GENERAL.—The Corporation, as receiver for a covered financial company, shall report on claims, as set forth in section 203(c)(3). Subject to paragraph (4) of this subsection, the Corporation, as receiver for a covered finan- cial company, shall determine claims in accordance with the requirements of this subsection and regulations pre- scribed under section 209. (B) NOTICE REQUIREMENTS.—The Corporation, as receiver for a covered financial company, in any case involving the liquidation or winding up of the affairs of a covered financial company, shall— (i) promptly publish a notice to the creditors of the covered financial company to present their claims, together with proof, to the receiver by a date specified in the notice, which shall be not earlier than 90 days after the date of publication of such notice; and (ii) republish such notice 1 month and 2 months, respectively, after the date of publication under clause (i). (C) MAILING REQUIRED.—The Corporation as receiver shall mail a notice similar to the notice published under clause (i) or (ii) of subparagraph (B), at the time of such publication, to any creditor shown on the books and records of the covered financial company— (i) at the last address of the creditor appearing in such books; (ii) in any claim filed by the claimant; or (iii) upon discovery of the name and address of a claimant not appearing on the books and records of the covered financial company, not later than 30 Deadline. Publication. Deadlines. Reports.