Document Type
Article
Publication Date
1966
Abstract
On May 10, 1966 the Securities and Exchange Commission published for comment a proposal under the Public Utility Holding Company Act of 1935 (Release 35-15466) to revise its Uniform System of Accounts for Mutual Service Companies and Subsidiary Service Companies ("System of Accounts"), so as to establish, as an Appendix thereto, a regulation entitled: REGULATION TO GOVERN THE PRESERVATION AND DESTRUCTION OF RECORDS OF MUTUAL AND SUBSIDIARY SERVICE COMPANIES" ("Regulation"). Heretofore, the System of Accounts had required that service companies subject thereto retain their records permanently, unless otherwise authorized by the Commission. The purpose of the proposal is to eliminate this provision and substitute therefor appropriate procedures for the orderly destruction of records, the continued retention of which is deemed no longer necessary or appropriate in the public interest or for the protection of investors or consumers.
Relational Format
article
Series Title
Accounting Series Release No. 106;Holding Company Act Release No. 15540
Recommended Citation
United States. Securities and Exchange Commission, "Adoption of revisions of the uniform system of accounts for mutual service companies and subsidiary service companies, under the Public Utility Holding Company Act of 1935, to permit orderly destruction of certain records of service companies" (1966). Federal Publications. 72.
https://egrove.olemiss.edu/acct_fed/72