Proposed Rule
Daily Computation of Customer and Broker-Dealer Reserve Requirements under the Broker-Dealer Customer Protection Rule
Overview
The Securities and Exchange Commission (“Commission”) proposes to amend the broker-dealer customer protection rule to require certain broker-dealers to perform their customer and broker-dealer reserve computations and make any required deposits into their reserve bank accounts daily rather than weekly. The Commission also is seeking comment on whether similar daily reserve computation requirements should apply to broker-dealers and security-based swap dealers with respect to their security-based swap customers.
Resources
Details
Public Comments Due
Sept. 11, 2023
File Number
S7-11-23
Rule Type
Proposed
Release Number
34-97877
SEC Issue Date
July 12, 2023
Federal Register Publish Date
July 18, 2023
Document Citation
88 FR 45836
Public Comments