Page:United States Statutes at Large Volume 124.djvu/1892

 124 STAT. 1866 PUBLIC LAW 111–203—JULY 21, 2010 ‘‘(A) IN GENERAL.—Records of persons having custody or use of the securities, deposits, or credits of a registered investment company that relate to such custody or use, are subject at any time, or from time to time, to such reasonable periodic, special, or other examinations and other information and document requests by representa- tives of the Commission, as the Commission deems nec- essary or appropriate in the public interest or for the protection of investors. ‘‘(B) CERTAIN PERSONS SUBJECT TO OTHER REGULA- TION.—Any person that is subject to regulation and exam- ination by a Federal financial institution regulatory agency (as such term is defined under section 212(c)(2) of title 18, United States Code) may satisfy any examination request, information request, or document request described under subparagraph (A), by providing to the Commission a detailed listing, in writing, of the securities, deposits, or credits of the registered investment company within the custody or use of such person.’’. (b) INVESTMENT ADVISERS ACT OF 1940 AMENDMENT.—Section 204 of the Investment Advisers Act of 1940 (15 U.S.C. 80b–4) is amended by adding at the end the following new subsection: ‘‘(d) RECORDS OF PERSONS WITH CUSTODY OR USE.— ‘‘(1) IN GENERAL.—Records of persons having custody or use of the securities, deposits, or credits of a client, that relate to such custody or use, are subject at any time, or from time to time, to such reasonable periodic, special, or other examina- tions and other information and document requests by rep- resentatives of the Commission, as the Commission deems nec- essary or appropriate in the public interest or for the protection of investors. ‘‘(2) CERTAIN PERSONS SUBJECT TO OTHER REGULATION.— Any person that is subject to regulation and examination by a Federal financial institution regulatory agency (as such term is defined under section 212(c)(2) of title 18, United States Code) may satisfy any examination request, information request, or document request described under paragraph (1), by providing the Commission with a detailed listing, in writing, of the securities, deposits, or credits of the client within the custody or use of such person.’’. SEC. 929R. BENEFICIAL OWNERSHIP AND SHORT-SWING PROFIT REPORTING. (a) BENEFICIAL OWNERSHIP REPORTING.—Section 13 of the Secu- rities Exchange Act of 1934 (15 U.S.C. 78m) is amended— (1) in subsection (d)(1)— (A) by inserting after ‘‘within ten days after such acquisition’’ the following: ‘‘or within such shorter time as the Commission may establish by rule’’; and (B) by striking ‘‘send to the issuer of the security at its principal executive office, by registered or certified mail, send to each exchange where the security is traded, and’’; (2) in subsection (d)(2)— (A) by striking ‘‘in the statements to the issuer and the exchange, and’’; and