Page 536 — Public Law 111-203 including PTFA amendments

124 STAT. 1910 PUBLIC LAW 111–203—JULY 21, 2010

General described in this section, in order to assist the Comptroller General in carrying out such duties.

15 USC 78d–8. SEC. 963. ANNUAL FINANCIAL CONTROLS AUDIT. (a) REPORTS OF COMMISSION.— (1) ANNUAL REPORTS REQUIRED.—Not later than 6 months after the end of each fiscal year, the Commission shall publish and submit to Congress a report that— (A) describes the responsibility of the management of the Commission for establishing and maintaining an ade- quate internal control structure and procedures for finan- cial reporting; and (B) contains an assessment of the effectiveness of the internal control structure and procedures for financial reporting of the Commission during that fiscal year. (2) ATTESTATION.—The reports required under paragraph (1) shall be attested to by the Chairman and chief financial officer of the Commission. (b) REPORT BY COMPTROLLER GENERAL.— (1) REPORT REQUIRED.—Not later than 6 months after the end of the first fiscal year after the date of enactment of this Act, the Comptroller General of the United States shall submit a report to Congress that assesses— (A) the effectiveness of the internal control structure and procedures of the Commission for financial reporting; and (B) the assessment of the Commission under subsection (a)(1)(B). (2) ATTESTATION.—The Comptroller General shall attest to, and report on, the assessment made by the Commission under subsection (a). (c) REIMBURSEMENTS FOR COST OF REPORTS.— (1) REIMBURSEMENTS REQUIRED.—The Commission shall reimburse the Government Accountability Office for the full cost of making the reports under subsection (b), as billed therefor by the Comptroller General. (2) CREDITING AND USE OF REIMBURSEMENTS.—Such reimbursements shall— (A) be credited to the appropriation account ‘‘Salaries and Expenses, Government Accountability Office’’ current when the payment is received; and (B) remain available until expended.

15 USC 78d–9. SEC. 964. REPORT ON OVERSIGHT OF NATIONAL SECURITIES ASSOCIA-
TIONS.
(a) REPORT REQUIRED.—Not later than 2 years after the date
of enactment of this Act, and every 3 years thereafter, the Comp-
troller General of the United States shall submit to the Committee
on Banking, Housing, and Urban Affairs of the Senate and the
Committee on Financial Services of the House of Representatives
a report that includes an evaluation of the oversight by the Commis-
sion of national securities associations registered under section
15A of the Securities Exchange Act of 1934 (15 U.S.C. 78o–3)
with respect to—
(1) the governance of such national securities associations,

LAWS including the identification and management of conflicts of interest by such national securities associations, together with an analysis of the impact of any conflicts of interest on thePUBLIC with on anorris VerDate Nov 24 2008 03:41 Aug 28, 2010 Jkt 089139 PO 00203 Frm 00536 Fmt 6580 Sfmt 6581 E:\PUBLAW\PUBL203.111 GPO1 PsN: PUBL203