Part 10 — Financial Disclosure
229 Exemption for distributing cooperative
that is subject to and complies with the provisions of the Securities
Act relating to the financial statements to be placed before the
investment shareholders at every annual meeting.
(2) The Commission may, on application of a distributing
cooperative, authorize the distributing cooperative to omit from its
financial statements any prescribed item, and the Commission may,
if it reasonably believes that disclosure of any information to be
contained in the statements would be detrimental to the distributing
cooperative, permit the omission on any reasonable conditions that
the Commission thinks fit.