Sec. 1096. Application of exemption
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Section 18(b)(1) of the Securities Act of 1933 ( 15 U.S.C. 77r(b)(1) ) is amended— by striking subparagraph (A); in subparagraph (B), by striking that the Commission determines by rule (on its own initiative or on the basis of a petition) are substantially similar to the listing standards applicable to securities described in subparagraph
(A)and inserting that have been approved by the Commission ; in subparagraph (C), by striking or
(B); and by redesignating subparagraphs
(B)and
(C)as subparagraphs
(A)and (B), respectively.
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Sec. 1096
Application of exemption
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