Page:United States Statutes at Large Volume 78.djvu/611

 78 STAT. ]

PUBLIC LAW 88-467-AUG. 20, 1964

569

" (i) I n respect of any securities issued by banks the deposits of which are insured in accordance with the Federal Deposit Insurance Act, the powers, functions, and duties vested in the Commission under ^^^ y|J; J^^^ this title to administer and enforce sections 12, 13, 14(a), 14(c), and note. 16 (1) with respect to national banks and banks operating under the c,^*'f^i^^' os^" Code of Law for the District of Columbia are vested in the Comptroller pp. '570, IVg."' of the Currency, (2) with respect to all other member banks of the Federal Reserve System are vested in the Board of Governors of the Federal Reserve System, and (3) with respect to all other insured banks are vested in the Federal Deposit Insurance Corporation. The Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation shall have power to make such rules and regulations as may be necessary for the execution of the functions vested in them as provided in this subsection and none of the rules, regulations, forms or orders issued or adopted by the Commission pursuant to this title shall be in any way binding upon such officers and agencies in the performance of such functions, or upon any such banks in connection with the performance of such functions." SEC. 4. Section 13(a) of the Securities Exchange Act of 1934 is "^^l^i^H;^^^ amended to read as follows: 15 USC 78m! "SEC. 13. (a) Every issuer of a security registered pursuant to section 12 of this title shall file wath the Commission, in accordance with such rules and regulations as the Commission may prescribe as necessary or appropriate for the proper protection of investors and to insure fair dealing in the security— " (1) such mformation and documents (and such copies thereof) as the Commission shall require to keep reasonably current the information and documents required to be included in or filed with an application or registration statement filed pursuant to section 12, except that the Commission may not require the filing of any material contract wholly executed before July 1, 1962. "(2) such annual reports (and such copies thereof), certified if required by the rules and regulations of the Commission by independent public accountants, and such quarterly reports (and such copies thereof), as the Commission may prescribe. Every issuer of a security registered on a national securities exchange shall also file a duplicate original of such information, documents, and reports with the exchange." SEC. 5. (a) Section 14(a) of the Securities Exchange Act of 1934 proxies, is amended to read as follows: ^^ ^^^ ^^"' "SEC. 14. (a) I t shall be unlawful for any person, by the use of the mails or by any means or instrumentality of interstate commerce or of any facility of a national securities exchange or otherwise, in contravention of such rules and regulations as the Commission may prescribe as necessary or appropriate in the public interest or for the protection of investors, to solicit or to permit the use of his name to solicit any proxy or consent or authorization in respect of any security (other than an exempted security) registered pursuant to section 12 of this title." (b) Section 14(b) of said Act is amended to read as follows: " (b) I t shall be unlawful for any member of a national securities exchange, or any broker or dealer registered under this title, in contravention of such rules and regulations as the Commission may prescribe as necessary or appropriate in the public interest or for the protection of investors, to give, or to refrain from giving a proxy, consent, or authorization in respect of any security registered pursuant to section 12 of this title and carried for the account of a customer."

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