Capital Markets Efficiency Act of 1996

Pub. L. 104–290

Also known as: Investment Company Act Amendments of 1996, Investment Advisers Supervision Coordination Act, National Securities Markets Improvement Act of 1996, Securities and Exchange Commission Authorization Act of 1996

US Codex doesn’t hold the enacted text of this law — the public-law corpus runs from the 113th Congress (2013) onward. What it changed in the U.S. Code, reconstructed from the credit notes, is listed below.

54 sections of the Code credited to this law, found between Public Law 104-98 and Public Law 104-333.

• 15 U.S.C. § 77b — Definitions; promotion of efficiency, competition, and capital formation
• 15 U.S.C. § 77c — Classes of securities under this subchapter
• 15 U.S.C. § 77f — Registration of securities
• 15 U.S.C. § 77r — Exemption from State regulation of securities offerings
• 15 U.S.C. § 77z-3 — 77z–3. General exemptive authority
• 15 U.S.C. § 77ddd — Exempted securities and transactions
• 15 U.S.C. § 78c — Definitions and application
• 15 U.S.C. § 78d — Securities and Exchange Commission
• 15 U.S.C. § 78g — Margin requirements
• 15 U.S.C. § 78h — Restrictions on borrowing and lending by members, brokers, and dealers
• 15 U.S.C. § 78o — Registration and regulation of brokers and dealers
• 15 U.S.C. § 78q — Records and reports
• 15 U.S.C. § 78bb — Effect on existing law
• 15 U.S.C. § 78ee — Transaction fees
• 15 U.S.C. § 78kk — Authorization of appropriations
• 15 U.S.C. § 78mm — General exemptive authority
• 15 U.S.C. § 80a-2 — 80a–2. Definitions; applicability; rulemaking considerations
• 15 U.S.C. § 80a-3 — 80a–3. Definition of investment company
• 15 U.S.C. § 80a-6 — 80a–6. Exemptions
• 15 U.S.C. § 80a-12 — 80a–12. Functions and activities of investment companies
• 15 U.S.C. § 80a-24 — 80a–24. Registration of securities under Securities Act of 1933
• 15 U.S.C. § 80a-26 — 80a–26. Unit investment trusts
• 15 U.S.C. § 80a-27 — 80a–27. Periodic payment plans
• 15 U.S.C. § 80a-29 — 80a–29. Reports and financial statements of investment companies and affiliated persons
• 15 U.S.C. § 80a-30 — 80a–30. Accounts and records
• 15 U.S.C. § 80a-34 — 80a–34. Unlawful representations and names
• 15 U.S.C. § 80a-54 — 80a–54. Acquisition of assets by business development companies
• 15 U.S.C. § 80a-60 — 80a–60. Capital structure
• 15 U.S.C. § 80a-63 — 80a–63. Accounts and records
• 15 U.S.C. § 80b-2 — 80b–2. Definitions
• 15 U.S.C. § 80b-3 — 80b–3. Registration of investment advisers
• 15 U.S.C. § 80b-3a — 80b–3a. State and Federal responsibilities
• 15 U.S.C. § 80b-5 — 80b–5. Investment advisory contracts
• 15 U.S.C. § 80b-18a — 80b–18a. State regulation of investment advisers
• 29 U.S.C. § 1002 — Definitions
• 15 U.S.C. § 77z–3 — General exemptive authority
• 15 U.S.C. § 80a–2 — Definitions; applicability; rulemaking considerations
• 15 U.S.C. § 80a–3 — Definition of investment company
• 15 U.S.C. § 80a–6 — Exemptions
• 15 U.S.C. § 80a–12 — Functions and activities of investment companies
• 15 U.S.C. § 80a–24 — Registration of securities under Securities Act of 1933
• 15 U.S.C. § 80a–26 — Unit investment trusts
• 15 U.S.C. § 80a–27 — Periodic payment plans
• 15 U.S.C. § 80a–29 — Reports and financial statements of investment companies and affiliated persons
• 15 U.S.C. § 80a–30 — Accounts and records
• 15 U.S.C. § 80a–34 — Unlawful representations and names
• 15 U.S.C. § 80a–54 — Acquisition of assets by business development companies
• 15 U.S.C. § 80a–60 — Capital structure
• 15 U.S.C. § 80a–63 — Accounts and records
• 15 U.S.C. § 80b–2 — Definitions
• 15 U.S.C. § 80b–3 — Registration of investment advisers
• 15 U.S.C. § 80b–3a — State and Federal responsibilities
• 15 U.S.C. § 80b–5 — Investment advisory contracts
• 15 U.S.C. § 80b–18a — State regulation of investment advisers