Page:United States Statutes at Large Volume 48 Part 1.djvu/105

 73d CONGRESS. SESS. I. CH. 3S. MAY 27, 1933 . 79 inc lu ded within the registration statement. If any accountant, Professional state- engineer, or appraiser, or any person whose profession gives ments, authority to a statement made by him, is named as having prepared or certified any part of the registration statement, or is named as havin g pr epar ed or ce rtif ied a re port or val uati on for use in connection with the registration statement, the written consent of such person shal l be filed with the registration statement. If an y such use req uired. consent to person is named as having prepared or certified a report or valuation (other than a public official document or statement) which is used in connection with the registration statement, but is not named as having prep ared or cer tifie d such repo rt or valu ation for use in connection with the registration statement, the written consent of such person shall be filed with the registration statement unless the Commission dispenses with such filing as impracticable or as involv- ing undue hardship on the person filing the registration statement. Additional informs. Any such registration statement shall contain such other infor- tion, etc. mati on, and be ac com pan ied by suc h other d ocu men ts, as the Commission may by rules or regulations require as being necessary or appropriate in the public interest or for the protection of investors. TAKING EFFECT OF REGISTRATION STATEMENTS AND AMENDMENTS Regi str ati on sta te- men ts and amend- THER ETO ments thereto. SEC. 8 . (a) The effective date of a registration statement shall be Effecti ve date. the twentieth day after the filing thereof, except as hereinafter provided, and except that in case of securities of any foreign public . Foreign securities. authority, which has continued the full service of its obligations in the United States, the proceeds of which are to be devoted to the refunding of obligations payable in the United States, the registra- tion statement shall become effective seven days after the filing thereof. If any am endm ent to any s uch stat emen t is fil ed p rior to the effective date of such statement, the registration statement shall be deemed to have been filed when such amendment was filed ; except that an amendment filed with the consent of the Commission, prior to the effective date of the registration statement, or filed pursuant to a n ord er of the Commission, shall be treated asa part of the registration statement. (b) If i t appear s to the Commiss ion that a regist ration s tatement Incomplete or inac- is on its face incomplete or inaccurate in any material respect, the curate statements. Commission may, after notice by personal service or the sending of Opp ortunity to confirmed telegraphic notice not later than ten days after the filing amend. of the regi strat ion st ateme nt, an d opp ortun ity f or hea ring (at 'a' time fixed by the Commission) within ten days after such notice by personal service or the sending of such telegraphic notice, issue an order prior to the effective date of registration refusing to permit su ch statement to become effective until it has been amended in Effective date of accordance with such order. When such statement has been amended statement. amend ed in ac cord ance wit h su ch o rder the Co mmis sion sha ll so declare and the registration shall become effective at the ti me provid ed in subs ection (a) or upon the date of s uch de clara tion, whichever date is the later. (c) An amendment filed after the effective date of the registration Amendmen t fiIed statement, if such amendment, upon its face, appears to the Coin- after effective date. mission not to be incomplete or inaccurate in any material respect, Determinati on of shall becom e eff ective on such date as the Commi ssion may d eter- date, if not defective. mine, having due regard to the public interest and the protection of investors. (d) If it appears to the Commission at any time that the registra- step order pro- tion statement includes any untrue statement of a material fact or v isi ons'