Institutional Disclosure Act

Summary

Institutional Disclosure Act - Requires investment managers who use any instrumentality of interstate commmerce and exercise investment discretion over accounts which contain equity securities having an aggregate fair market value of such amoount as the Securities and Exchange Commission may determine (in no case less than $10,000,000) to file reports respecting such accounts to protect investors and to insure fair dealings in securities. Defines the term "investment manager" for the purposes of this Act. Authorizes the Commission to promulgate rules and regulations requiring such reports to include information with respect to specified items. Allows the Commission to prescribe methods by which to disseminate information concerning such reports to the public, and allows the Commission to permit such information to remain confidential in accordance with prior provisions of law.

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1 official file

• Introduced in House

  summary · EN · 4 April 1974

  Open at official source

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