Page:United States Statutes at Large Volume 124.djvu/1954

 124 STAT. 1928 PUBLIC LAW 111–203—JULY 21, 2010 ‘‘(4) DEALER.—The term ‘dealer’ means a dealer (as such term is defined in section 3(a)(5) of the Securities Exchange Act of 1934 (15 U.S.C. 78c(a)(5))) that is required to file a balance sheet, income statement, or other financial statement under section 17(e)(1)(A) of such Act (15 U.S.C. 78q(e)(1)(A)), where such balance sheet, income statement, or financial state- ment is required to be certified by a registered public accounting firm. ‘‘(5) PROFESSIONAL STANDARDS.—The term ‘professional standards’ means— ‘‘(A) accounting principles that are— ‘‘(i) established by the standard setting body described in section 19(b) of the Securities Act of 1933, as amended by this Act, or prescribed by the Commis- sion under section 19(a) of that Act (15 U.S.C. 17a(s)) or section 13(b) of the Securities Exchange Act of 1934 (15 U.S.C. 78a(m)); and ‘‘(ii) relevant to audit reports for particular issuers, brokers, or dealers, or dealt with in the quality control system of a particular registered public accounting firm; and ‘‘(B) auditing standards, standards for attestation engagements, quality control policies and procedures, eth- ical and competency standards, and independence stand- ards (including rules implementing title II) that the Board or the Commission determines— ‘‘(i) relate to the preparation or issuance of audit reports for issuers, brokers, or dealers; and ‘‘(ii) are established or adopted by the Board under section 103(a), or are promulgated as rules of the Commission. ‘‘(6) SELF-REGULATORY ORGANIZATION.—The term ‘self-regu- latory organization’ has the same meaning as in section 3(a) of the Securities Exchange Act of 1934 (15 U.S.C. 78c(a)).’’. (2) CONFORMING AMENDMENT.—Section 2(a) of the Sar- banes-Oxley Act of 2002 (15 U.S.C. 7201(a)) is amended in the matter preceding paragraph (1), by striking ‘‘In this’’ and inserting ‘‘Except as otherwise specifically provided in this Act, in this’’. (b) ESTABLISHMENT AND ADMINISTRATION OF THE PUBLIC COM- PANY ACCOUNTING OVERSIGHT BOARD.—Section 101 of the Sarbanes- Oxley Act of 2002 (15 U.S.C. 7211) is amended— (1) by striking ‘‘issuers’’ each place that term appears and inserting ‘‘issuers, brokers, and dealers’’; and (2) in subsection (a)— (A) by striking ‘‘public companies’’ and inserting ‘‘companies’’; and (B) by striking ‘‘for companies the securities of which are sold to, and held by and for, public investors’’. (c) REGISTRATION WITH THE BOARD.—Section 102 of the Sar- banes-Oxley Act of 2002 (15 U.S.C. 7212) is amended— (1) in subsection (a)— (A) by striking ‘‘Beginning 180’’ and all that follows through ‘‘101(d), it’’ and inserting ‘‘It’’; and (B) by striking ‘‘issuer’’ and inserting ‘‘issuer, broker, or dealer’’; (2) in subsection (b)—