Data / Federal rules / 2024-31178
Daily Computation of Customer and Broker-Dealer Reserve Requirements Under the Broker-Dealer Customer Protection Rule
The Securities and Exchange Commission published this final rule in the Federal Register on January 13, 2025. It took effect on March 14, 2025.
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What the agency says
The Securities and Exchange Commission ("Commission") is adopting amendments to the broker-dealer customer protection rule to require certain broker-dealers to perform their reserve computations for accounts of customers and proprietary accounts of broker-dealers and make any required deposits into their reserve bank accounts daily rather than weekly. The Commission also is adopting amendments to the broker-dealer net capital rule and customer protection rule to permit certain broker-dealers that perform a daily reserve computation for accounts of customers to reduce aggregate debit items (i.e., customer- related receivables) by 2% rather than 3% as part of the computation. Finally, the Commission is adopting technical amendments to the Financial and Operational Combined Uniform Single Report ("FOCUS Report") to conform it to the amendments with respect to the lowering of the debit reduction from 3% to 2%.
Key facts
- Document number
- 2024-31178
- Type
- Final rule
- Action
- Final rule
- Agency
- Securities and Exchange Commission
- Published
- January 13, 2025
- Takes effect
- March 14, 2025
- Dates
- Effective date: March 14, 2025.
- Docket
- Release No. 34-102022; File No. S7-11-23
- Regulation ID (RIN)
- 3235-AN28
- Code of Federal Regulations
- 17 CFR 240; 17 CFR 249
- Topics
- Brokers; Investment companies; Reporting and recordkeeping requirements; Securities
- Pages
- 50
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Everything from the Securities and Exchange Commission · Rules on brokers · Rules on investment companies · Rules on reporting and recordkeeping requirements · Published in January 2025
Read from the Federal Register API, last updated 2026-10-23. The document on federalregister.gov is the official record; dates and dockets can change through later corrections. Free to reuse with credit to SpecStream under CC BY 4.0.