Annual report to Congress
The Commission, the Board of Governors of the Federal Reserve System, and the other agencies enumerated in section 78c(a)(34) of this title
shall each make an annual report to the Congress on its work for the preceding year, and shall include in each such report whatever information, data, and recommendations for further legislation it considers advisable with regard to matters within its respective jurisdiction under this chapter.
The appropriate regulatory agency for a self-regulatory organization shall include in its annual report to the Congress for each fiscal year, a summary of its oversight activities under this chapter with respect to such self-regulatory organization, including a description of any examination conducted as part of such activities of any such organization, any material recommendation presented as part of such activities to such organization for changes in its organization or rules, and any action by such organization in response to any such recommendation.
The appropriate regulatory agency for any class of municipal securities dealers shall include in its annual report to the Congress for each fiscal year a summary of its regulatory activities pursuant to this chapter with respect to such municipal securities dealers, including the nature of and reason for any sanction imposed pursuant to this chapter against any such municipal securities dealer.
The Commission shall also include in its annual report to the Congress for each fiscal year—
a summary of the Commission’s oversight activities with respect to self-regulatory organizations for which it is not the appropriate regulatory agency, including a description of any examination of any such organization, any material recommendation presented to any such organization for changes in its organization or rules, and any action by any such organization in response to any such recommendations;
a statement and analysis of the expenses and operations of each self-regulatory organization in connection with the performance of its responsibilities under this chapter, for which purpose data pertaining to such expenses and operations shall be made available by such organization to the Commission at its request;
the steps the Commission has taken and the progress it has made toward ending the physical movement of the securities certificate in connection with the settlement of securities transactions, and its recommendations, if any, for legislation to eliminate the securities certificate;
the number of requests for exemptions from provisions of this chapter received, the number granted, and the basis upon which any such exemption was granted;
a summary of the Commission’s regulatory activities with respect to municipal securities dealers for which it is not the appropriate regulatory agency, including the nature of, and reason for, any sanction imposed in proceedings against such municipal securities dealers;
a statement of the time elapsed between the filing of reports pursuant to section 78m(f) of this title
and the public availability of the information contained therein, the costs involved in the Commission’s processing of such reports and tabulating such information, the manner in which the Commission uses such information, and the steps the Commission has taken and the progress it has made toward requiring such reports to be filed and such information to be made available to the public in machine language;
information concerning (i) the effects its rules and regulations are having on the viability of small brokers and dealers; (ii) its attempts to reduce any unnecessary reporting burden on such brokers and dealers; and (iii) its efforts to help to assure the continued participation of small brokers and dealers in the United States securities markets;
a statement detailing its administration of the Freedom of Information Act, section 552 of title 5
, including a copy of the report filed pursuant to subsection (d) of such section; and
the steps that have been taken and the progress that has been made in promoting the timely public dissemination and availability for analytical purposes (on a fair, reasonable, and nondiscriminatory basis) of information concerning government securities transactions and quotations, and its recommendations, if any, for legislation to assure timely dissemination of (i) information on transactions in regularly traded government securities sufficient to permit the determination of the prevailing market price for such securities, and (ii) reports of the highest published bids and lowest published offers for government securities (including the size at which persons are willing to trade with respect to such bids and offers).
[June 6, 1934, ch. 404], title I, § 23, [48 Stat. 901]; [Aug. 23, 1935, ch. 614, § 203(a)], [49 Stat. 704]; [May 27, 1936, ch. 462, § 8], [49 Stat. 1379]; [Pub. L. 88–467, § 10], Aug. 20, 1964, [78 Stat. 580]; [Pub. L. 94–29, § 18], June 4, 1975, [89 Stat. 155]; [Pub. L. 99–571, title I, § 102(j)], Oct. 28, 1986, [100 Stat. 3220]; [Pub. L. 100–181, title III], §§ 324, 325, Dec. 4, 1987, [101 Stat. 1259]; [Pub. L. 101–429, title II, § 204], Oct. 15, 1990, [104 Stat. 940]; [Pub. L. 103–202, title I, § 107], Dec. 17, 1993, [107 Stat. 2351]; [Pub. L. 109–351, title IV, § 401(a)(3)], Oct. 13, 2006, [120 Stat. 1973]; [Pub. L. 111–203, title III, § 376(4)], July 21, 2010, [124 Stat. 1569].)