The effective date of the provisions of this subchapter, so far as the same relate to face-amount certificates or to face-amount certificate companies, is January 1, 1941. The effective date of provisions hereof, insofar as the same do not apply to face-amount certificates or face-amount certificate companies is November 1, 1940. Except as herein otherwise provided, every provision of this subchapter shall take effect on November 1, 1940.
The effective date of the provisions of this subchapter, so far as the same relate to face-amount certificates or to face-amount certificate companies, is January 1, 1941. The effective date of provisions hereof, insofar as the same do not apply to face-amount certificates or face-amount certificate companies is November 1, 1940. Except as herein otherwise provided, every provision of this subchapter shall take effect on November 1, 1940.
1987—Pub. L. 100–181struck out at end of first sentence “: Provided, however, That any such face-amount certificate company may register prior to said date, as provided by section
80a–8 of this title, and such registration shall not operate to change or affect said effective date as to any such company or any face-amount certificates issued by it”.
Effective Date of 1970 Amendment
Pub. L. 91–547, § 30,Dec. 14, 1970, 84 Stat. 1436, provided that: “This Act [see Short Title note set out under section
80a–51 of this title] shall take effect on the date of its enactment [Dec. 14, 1970], except that—
“(1) sections (5)(a), (b), and (c); 8; 9(a); 11; 18; 24(a); and 25 (amending sections
10(a), (b), and (c) [section
80a–10(a), (b), and (c)]; 15 [section
80a–15]; 17(f) [section
80a–17(f)]; 19 [section
80a–19]; and 32(a) of the Investment Company Act of 1940 [section
80a–31(a)]; and sections 203(b) and 205 of the Investment Advisers Act of 1940 [sections
80b–3(b) and
80b–5 of this title], respectively) shall take effect upon the expiration of one year after the date of enactment of this Act [Dec. 14, 1970];
“(2) that part of section
5(d) which substitutes ‘interested persons’ for ‘affiliated persons’ in section 10(d) of the Investment Company Act of 1940 [section
80a–10(d) of this title] shall take effect upon the expiration of one year after the date of enactment of this Act [Dec. 14, 1970];
“(3) sections
16 and
17 (amending section 27 and 28 of the Investment Company Act of 1940 [sections
80a–27 and
80a–28 of this title]) shall take effect upon the expiration of six months after the date of enactment of this Act [Dec. 14, 1970]; and
“(4) that part of section
20 which adds a subsection (b) tosection 36 of the Investment Company Act of 1940 [section
80a–35 of this title] shall take effect upon the expiration of eighteen months after the date of enactment of this Act [Dec. 14, 1970].”
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