74th COXGRESS. SESS. 11. CHS. 454,462. MAY 2G, 27, 1936. 1375 



Sec. 2. Tliat the Secretary of the Interior be, and he is hereby. ^Preservation ot, as 

 authorized to acquire the above property for tlie purpose of estab- 

 lishing same as an historic site or otherwise presen-ing the buildings 

 and grounds in connection therewith: Provided. That the Secretary fromo 



J. .1 rp . • <v. • , • ?, 1 •! T ,. 1 '' Space for Customs 



ot the ireasury may retam sulncient space in the building for the Bureau, 

 necessary oiDeration of the Bureau of Customs. 

 Approved, May 26, 19.36. 



[CHAPTER 4G2.] 



-VN ACT 



May 27, 1936. 



To provide for the continuation of trading in unlisted securities upon national [.s. 4023.1 



securities exchanges, for the registration of over-the-counter brokers and IPubUc, No. 621.] 

 dealers, for the filing of current information and periodic reports by issuers, 

 and for other purposes. 



Be it enacted hy the Senate and House of Representatives of the 

 United States of America in Congress assembled. That subsection (f ) ^securities Exchange 

 of section 12 of the Securities Exchange Act of 1934 is amended to ments" ' ""^ ' 

 read as follows: cTp; 'aV' *''' "^^ ^■ 



'•(f) Notwithstanding the foregoing provisions of this section, any Trading in unlisted 



,.^ ^ -. .^. i~ BO 1 1 J securities upon na- 



national securities exchange, uj^on application to and approval ot tionai exchanges. 

 such application by the Commission and subject to the terms and taS°rategor°i™. °' ""^" 

 conditions hereinafter set forth, (1) may continue unlisted tradino; K?''™A''i'^),*i'^Sl5'°'* 



. ., 1 • 1 • 1 \ 1 1-1 1 1 ^ before .March 1. 1934. 



jirivileges to which a securitj- had been admitted on such exchange 

 prior to March 1,1934; or (2) may extend unlisted trading privileges on^another°rahangT'^ 

 to any security duly listed and registered on any other national 

 securities exchange, but such unlisted tradmg privileges shall con- 

 tinue in effect only so long as such security shall remain listed and 

 registered on any other national securities exchange; or (3) may Equivalent registra- 

 extend unlisted trading privileges to any security in respect of which able, 

 there is available from a registration statement and periodic rei:)orts 

 or other data filed pursuant to rules or regulations prescribed by the 

 Commission under this title or the Securities Act of 1933, as amended, 

 information substantially equivalent to that available pursuant to 

 rules or regulations of the Commission in respect of a security duly 

 listed and registered on a national securities exchange, but such 

 unlisted trading privileges shall continue in effect only so long as 

 such a registration statement remains effective and such periodic 

 reports or other data continue to be so filed. 

 "Xo application pursuant to this subsection shall be approved Conditional eontin- 



1 j,y-i .. r- -I ^ • ' J.* £ uance ol privileges. 



unless the C ommission hnds that the continuation or extension of 

 unlisted trading privileges pursuant to such application is neces- 

 sary or ajjpropriate in the public interest or for the protection of 

 investors. No application to extend unlisted trading privileges to '^"•"'^ """^ hearing, 

 any security pursuant to clause (2) or (3) of this subsection shall 

 be approved except after appropriate notice and opportunity for 

 hearing. No application to extend unlisted trading privileges to any jn'^pibu'i^^S™it'.'' '"' 

 security pursuant to clause (2) or (3) of this subsection shall be 

 approved unless the applicant exchange shall establish to the satis- 

 faction of tlie Commission that there exists in the vicinity of such 

 exchange sufficiently widespread public distribution of such security 

 and sufficient public trading activity therein to render the extension 

 of unlisted trading privileges on such exchange thereto necessary 

 or approjjriate in the public interest or for the protection of 

 investors. No application to extend unlisted trading privileges to obligations imposed. 

 any security pursuant to clause (3) of this subsection shall be 

 approved except upon such terms and conditions as will subject the 

 issuer tliereof, the officers and directors of such issuer, and every 

 beneficial owner of more than 10 per centum of such security to 



