United States Government Publishing Office publisher pbl distributor dst United States National Archives and Records Administration Office of the Federal Register author aut Government Organization text government publication eng FR Regulatory Information 2011_register executive 2011-06-30 article Rules and Regulations D09002ee1c7ffa7ed D09002ee1c7ffa8cf United States Securities and Exchange Commission originator org United States Government Agency or Subagency The Commission is extending the compliance date for certain recently adopted requirements of Rule 15c3-5 under the Securities Exchange Act of 1934 ("Exchange Act"). Specifically, the Commission is extending the compliance date, until November 30, 2011, for all of the requirements of Rule 15c3-5 for fixed income securities, and the requirements of Rule 15c3-5(c)(1)(i) for all securities. The compliance date remains July 14, 2011 for all provisions of Rule 15c3-5 not subject to this limited extension. Among other things, Rule 15c3-5 requires broker-dealers with access to trading securities directly on an exchange or alternative trading system ("ATS"), including those providing sponsored or direct market access to customers or other persons, and broker-dealer operators of an ATS that provide access to trading securities directly on their ATS to a person other than a broker-dealer, to establish, document, and maintain a system of risk management controls and supervisory procedures that, among other things, is reasonably designed to systematically limit the financial exposure of the broker-dealer that could arise as a result of market access, and ensure compliance with all regulatory requirements that are applicable in connection with market access. The Commission is extending the compliance date for all of the requirements of Rule 15c3-5 for fixed income securities, and the requirements of Rule 15c3-5(c)(1)(i) for all securities to give broker- dealers with market access additional time to develop, test, and implement the relevant risk management controls and supervisory procedures required under the Rule. 76 FR 38293 https://www.govinfo.gov/app/details/FR-2011-06-30/2011-16467 2011-16467 fr30jn11-2 RIN 3235-AK53 8011-01-P Release No. 34-64748 File No. S7-03-10 https://www.govinfo.gov/app/details/FR-2011-06-30/2011-16467 https://www.govinfo.gov/content/pkg/FR-2011-06-30/html/2011-16467.htm https://www.govinfo.gov/content/pkg/FR-2011-06-30/pdf/2011-16467.pdf 2 p. 38293 38294 76 FR 38293 Title 17 Part 240 17 CFR Part 240 RIN 3235-AK53 Risk Management Controls for Brokers or Dealers With Market Access; Federal Register Vol. 76, Issue RULE 2011-16467 SECURITIES AND EXCHANGE COMMISSION 2011-06-30 2011-11-30 Release No. 34-64748 File No. S7-03-10 8011-01-P 2011-16467 Final rule; limited extension of compliance date for certain requirements.

The Commission is extending the compliance date for certain recently adopted requirements of Rule 15c3-5 under the Securities Exchange Act of 1934 ("Exchange Act"). Specifically, the Commission is extending the compliance date, until November 30, 2011, for all of the requirements of Rule 15c3-5 for fixed income securities, and the requirements of Rule 15c3-5(c)(1)(i) for all securities. The compliance date remains July 14, 2011 for all provisions of Rule 15c3-5 not subject to this limited extension. Among other things, Rule 15c3-5 requires broker-dealers with access to trading securities directly on an exchange or alternative trading system ("ATS"), including those providing sponsored or direct market access to customers or other persons, and broker-dealer operators of an ATS that provide access to trading securities directly on their ATS to a person other than a broker-dealer, to establish, document, and maintain a system of risk management controls and supervisory procedures that, among other things, is reasonably designed to systematically limit the financial exposure of the broker-dealer that could arise as a result of market access, and ensure compliance with all regulatory requirements that are applicable in connection with market access. The Commission is extending the compliance date for all of the requirements of Rule 15c3-5 for fixed income securities, and the requirements of Rule 15c3-5(c)(1)(i) for all securities to give broker- dealers with market access additional time to develop, test, and implement the relevant risk management controls and supervisory procedures required under the Rule.

The effective date for this release is June 30, 2011. The effective date for Rule 15c3-5 remains January 14, 2011. The compliance date is extended to November 30, 2011, for all of the requirements of Rule 15c3-5 for fixed income securities, and the requirements of Rule 15c3-5(c)(1)(i) for all securities. The compliance date remains July 14, 2011, for all provisions of Rule 15c3-5 not subject to the limited extension. Theodore S. Venuti, Senior Special Counsel, at (202) 551-5658; Marc F. McKayle, Special Counsel, at (202) 551-5633; and Daniel Gien, Special Counsel, at (202) 551-5747, Division of Trading and Markets, Securities and Exchange Commission, 100 F Street, NE., Washington, DC 20549-7010. Risk Management Controls for Brokers or Dealers with Market Access , Vol. 76, no. 126 Office of the Federal Register, National Archives and Records Administration 2011-06-30 continuing daily deposited born digital 270 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2011-06-30 P0b002ee180d89504 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr30jn11 https://www.govinfo.gov/app/details/FR-2011-06-30 https://www.govinfo.gov/content/pkg/FR-2011-06-30/pdf/FR-2011-06-30.pdf https://www.govinfo.gov/content/pkg/FR-2011-06-30/xml/FR-2011-06-30.xml fdlp 38287 38546 DGPO 2011-06-30 2024-06-04 FR-2011-06-30 machine generated eng FR FR-2011-06-30 76 126