Page:United States Statutes at Large Volume 49 Part 1.djvu/873

 828 74TH CONGRESS. SESS. I. CH. 687 . AUGUST 26, 1935. required by the rules and regulations of the Commission, shall be certified by an independent public accountant, and shall be made and filed at such time and in such form and detail as the Commission Contents. shall pre scribe. Th e Co mmis sion may requ ire that ther e be inc luded in reports filed with it such information and documents as it finds necessary or appropriate to keep reasonably current the information filed under s ection 5 or 13, and such fu rther i nforma tion c oncer ning t he fi nanci al con ditio n, se curity stru cture, sec urity hold- ings, ass ets, and cost thereof, wherever determinable, and affiliations of the reporting company and the associate companies, member com- panies, and affiliates thereof as the Commission deems necessary or appropriate in the public interest or for the protection of investors or consumers. A ccou nts and rec- ords. Requirement; b old- ing companies. SEC. 15. (a) Every registered holding company and every sub- sidiary company thereof shall make, keep, and preserve for such periods, such accounts, cost-accounting procedures, correspondence, memoranda, papers, books, an d other re cords as the Commis sion deems necessary or appropriate in the public interest or for the pro- tection of investors or consumers or for the enforcement of the provisions of this title or the rules, regulations, or orders thereunder. Affili ates. (b) Every affiliate ofa registered holding company or of any subsidiary company thereof, or of any public-utility company engaged in interstate commerce or not so engaged, shall make, keep, and preserv e for such period s, such accounts, cost-accounting pro- ced ures, cor resp onde nce, memo rand a, pa pers, bo oks, and othe r re c- ords rela ting t o any tran sacti on of such affil iate w hich is su bject to any provision of this title or any rule, regulation, or order there- under, as the Commission deems necessary or appropriate in the public interest or for the protection of investors or consumers or for the enforcement of the provisions of this title or the rules, regula- tions, or orders thereunder. Mutual service com- (c) Every mutual service company, and every affiliate of a mutual names and affiliates. service company as to any transaction of such affiliate which is subject to any provision of t his title or any rule, regulation, or order thereunder, shall make, keep, and preserve for such periods, such accounts, cost-accounting procedures, correspondence, memoranda, papers, books, and other records, as the Commission deems necessary or appropriate in the public interest or for the protection of investors or consumers or for the enforcement of the provisions of this title or the rule s, re gulati ons, or or ders thereu nder. Persons performing (d) Every person whose principal business is the performance of s ervic e, sa les, or con. struction contracts. ser vice, sale s, or const ructi on co ntract s for publ ic-uti lity or ho lding companies shall make, keep, and preserve for such periods, such accounts, cost-accounting procedures, correspondence, memoranda, papers, books, and other records, relating to any transaction by such' person which is subject to any provision of this title or any rule, regu lation, or order thereunder, as t he Commission dee ms necessary or appropriate in the public interest or for the protection of invest- ors or consumers or for the enforcement of the provisions of this title or the rules and regulations thereunder. Prescribed fo rm of (e) After the Commission has prescribed the form and manner of keeping records, etc., to be followed. making and keeping accounts, cost-accounting procedures, corre- spondence, memoranda, papers, books, and other records to be kept by any person hereunder, it shall be unlawful for any such person to keep any accounts, cost-accounting procedures, correspondence, memoranda, papers, books, or other records other than those pre- ACCO UNTS AND RECOR DS