Securities Lawyer's Deskbook
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Securities Act of 1933

Section 28 -- General Exemptive Authority

The Commission, by rule or regulation, may conditionally or unconditionally exempt any person, security, or transaction, or any class of persons, securities, or transactions, from any provision or provisions of this title or of any rule or regulation issued under this title, to the extent that such exemption is necessary or appropriate in the public interest, and is consistent with the protection of investors.

Legislative History

May 27, 1933, ch 38, Title I, § 28, as added Oct. 11, 1996, P.L. 104-290, Title I, § 105(a), 110 Stat. 3424; Nov. 3, 1998, P.L. 105-353, Title III, § 301(a)(5), 112 Stat. 3235.

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