Powers of Commission. The Commission shall have authority
from time to time to make, issue, amend, and rescind such rules and regulations
and such orders as are necessary or appropriate to the exercise of the powers
conferred upon the Commission elsewhere in this title, including rules and
regulations defining accounting, technical, and trade terms used in this title,
and prescribing the form or forms in which information required in registration
statements, applications, and reports to the Commission shall be set forth.
For the purposes of its rules or regulations the Commission may classify persons,
securities, and other matters within its jurisdiction and prescribe different
requirements for different classes of persons, securities, or matters.
Filing of information and documents. The Commission, by
such rules and regulations or order as it deems necessary or appropriate in
the public interest or for the protection of investors, may authorize the
filing of any information or documents required to be filed with the Commission
under this title, title II of this Act [15 USCS § § 80b-1 et seq.], the Securities
Act of 1933, the Securities Exchange Act of 1934, the Public Utility Holding
Company Act of 1935, or the Trust Indenture Act of 1939, by incorporating
by reference any information or documents theretofore or concurrently filed
with the Commission under this title or any of such Acts.
Good faith conformance with rules, regulations, and orders.
No provision of this title imposing any liability shall apply to any act done
or omitted in good faith in conformity with any rule, regulation, or order
of the Commission, notwithstanding that such rule, regulation, or order may,
after such act or omission, be amended or rescinded or be determined by judicial
or other authority to be invalid for any reason.
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