Page:United States Statutes at Large Volume 97.djvu/238

 97 STAT. 206 PUBLIC LAW 98-38—JUNE 6, 1983 assets of a company, the person making such filing, other than a 15 USC 80a-5i. company registered under the Investment Company Act of 1940, shall pay to the Commission the following fees: "(i) for preliminary proxy solicitation material involving an acquisition, merger, or consolidation, if there is a proposed payment of cash or transfer of securities or property to share- holders, a fee of Vso of 1 per centum of such proposed pa5niient, or of the value of such securities or other property proposed to be transferred; and "(ii) for preliminary proxy solicitation material involving a proposed sale or other disposition of substantially all of the assets of a company, a fee of Vso of 1 per centum of the cash or of the value of any securities or other property proposed to be received upon such sale or disposition. Reduction of "(B) The fee imposed under subparagraph (A) shall be reduced ^®®^- with respect to securities in an amount equal to any fee paid to the Commission with respect to such securities in connection with the proposed transaction under section 6(b) of the Securities Act of 1933 (15 U.S.C. 77f(b)), or the fee paid under that section shall be reduced in an amount equal to the fee paid to the Commission in connection with such transaction under this subsection. Where two or more companies involved in an acquisition, merger, consolidation, sale, or other disposition of substantially all the assets of a company must file such proxy material with the Commission, each shall pay a proportionate share of such fee. "(2) At the time of filing such preliminary information statement as the Commission may require by rule pursuant to subsection (c) of this section, the issuer shall pay to the Commission the same fee as required for preliminary proxy solicitation material under para- graph (1) of this subsection. "(3) At the time of filing such statement as the Commission may require by rule pursuant to subsection (d)(1) of this section, the person making the filing shall pay to the Commission a fee of Vso of 1 per centum of the aggregate amount of cash or of the value of securities or other property proposed to be offered. The fee shall be reduced with respect to securities in an amount equal to any fee paid with respect to such securities in connection with the proposed transaction under section 603) of the Securities Act of 1933 (15 tJ.S.C. 77f(b)), or the fee paid under that section shall be reduced in an amount equal to the fee paid to the Commission in connection with such transaction under this subsection. "(4) Notwithstanding any other provision of law, the Commission may impose fees, charges, or prices for matters not involving any acquisition, merger, consolidation sale, or other disposition of assets described in this subsection, as authorized by section 9701 of title 31, 96 Stat. 1051. United States Code, or otherwise. ". SEC. 3. (a) Section 150t)) of the Securities Exchange Act of 1934 (15 U.S.C. 78o03)) is amended— (1) by striking out paragraph (8) and inserting in lieu thereof the following: "(8) It shall be unlawful for any broker or dealer required to register pursuant to this title to effect any transaction in, or induce or attempt to induce the purchase or sale of, any security (other than an exempted security or commercisil paper, bankers' accep- tances, or commercial bills), unless such broker or dealer is a member of a securities association registered pursuant to section

�