Page:United States Statutes at Large Volume 97.djvu/239

 PUBLIC LAW 98-38—JUNE 6, 1983 97 STAT. 207 15A of this title or effects transactions in securities solely on a is use 78o-3. national securities exchange of which it is a member."; and (2) by striking out paragraph (9) and inserting in lieu thereof the following: "(9) The Commission by rule or order, as it deems consistent with the public interest and the protection of investors, may conditionally or unconditionally exempt from paragraph (8) of this subsection any broker or dealer or class of brokers or dealers specified in such rule or order." (b) The amendments made by subsection (a) shall become effective Effective date. six months after the date of enactment of this Act. ^ ^ ^^ '^^^ "°*^^ SEC. 4. (a) Section 15B(b)(l)(A) of the Securities Exchange Act of 1934 (15 U.S.C. 78o-4(b)(l)) is amended by inserting immediately after "securities dealer" the following: "(other than by reason of being under common control with, or indirectly controlling, any broker or dealer which is not a municipal securities broker or municipal securities dealer)". (b) Section 15B(b)(2)(B) of the Securities Exchange Act of 1934 (15 U.S.C. 78o-4(b)(2)(B)) is amended by inserting immediately after "broker, dealer, or municipal securities dealer" the following: "(other than by reason of beii^ under common control with, or indirectly controlling, any broker or dealer which is not a municipal securities broker or municipal securities dealer)". Approved June 6, 1983. LEGISLATIVE HISTORY—H.R. 2681: HOUSE REPORT No. 98-106 (Comm. on Energy and Commerce). CONGRESSIONAL RECORD, Vol. 129 (1983): May 17, considered and passed House. May 25, considered and passed Senate.

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