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 2025_register executive 2025-01-11 article Part II Rules and Regulations D09002ee1cf2e4d9d D09002ee1cf2e4e79 United States Securities and Exchange Commission originator org United States Government Agency or Subagency 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%. 90 FR 2790 https://www.govinfo.gov/app/details/FR-2025-01-13/2024-31178 2024-31178 fr13ja25-11 RIN 3235-AN28 8011-01-P Release No. 34-102022 File No. S7-11-23 https://www.govinfo.gov/app/details/FR-2025-01-13/2024-31178 https://www.govinfo.gov/content/pkg/FR-2025-01-13/html/2024-31178.htm https://www.govinfo.gov/content/pkg/FR-2025-01-13/pdf/2024-31178.pdf Reporting and Recordkeeping Requirements Securities Brokers Investment Companies 50 p. 2790 2839 90 FR 2790 Title 17 Part 240 17 CFR Part 240 Title 17 Part 249 17 CFR Part 249 RIN 3235-AN28 Daily Computation of Customer and Broker-Dealer Reserve Requirements Under the Broker-Dealer Customer Protection Rule; Federal Register Vol. 90, Issue RULE 2024-31178 II SECURITIES AND EXCHANGE COMMISSION 2025-03-14 Release No. 34-102022 File No. S7-11-23 8011-01-P 2024-31178 Final rule.

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%.

Effective date: March 14, 2025. Michael A. Macchiaroli, Associate Director; Thomas K. McGowan, Associate Director; Randall W. Roy, Deputy Associate Director; Raymond Lombardo, Assistant Director; Sheila Dombal Swartz, Senior Special Counsel; or Abraham Jacob, Special Counsel, at (202) 551-5500, Office of Broker-Dealer Finances, Division of Trading and Markets; Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549-7010. Reporting and Recordkeeping Requirements Securities Brokers Investment Companies Daily Computation of Customer and Broker-Dealer Reserve Requirements under the Broker-Dealer Customer Protection Rule, https://www.catnmsplan.com/sites/default/files/2024-01/01.22.24-CAT-Alert-2023-01.pdf https://www.jstor.org/stable/40688076 https://www.reginfo.gov/public/do/DownloadDocument?objectID=123585601 https://www.reginfo.gov/public/do/DownloadDocument?objectID=132914201 https://www.sec.gov/comments/s7-11-23/s71123.htm https://www.sec.gov/divisions/marketreg/mr-noaction/2012/sifma-122112-15c3.pdf https://www.sec.gov/divisions/riskfin/rsfi_guidance_econ_analy_secrulemaking.pdf https://www.sec.gov/foia/howfo2.htm#privacy https://www.sec.gov/news/public-statement/joint-staffstatement-broker-dealer-custody-digital-asset-securities https://www.sec.gov/sec-coronavirus-covid-19-response https://www.sec.gov/tm/faqs-financial-responsibility-req-applied-sbs https://www.sipc.org/about-sipc/the-sipc-fund https://www.sipc.org/cases-and-claims/how-the-claims-process-works https://www.sipc.org/for-members/assessment-rate https://www.sipc.org/media/annual-reports/2023-annual-report.pdf www.finra.org Vol. 90, no. 7 Office of the Federal Register, National Archives and Records Administration 2025-01-13 continuing daily deposited born digital 352 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2025-01-13 P0b002ee1cf2e4b30 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr13ja25 https://www.govinfo.gov/app/details/FR-2025-01-13 https://www.govinfo.gov/content/pkg/FR-2025-01-13/pdf/FR-2025-01-13.pdf https://www.govinfo.gov/content/pkg/FR-2025-01-13/xml/FR-2025-01-13.xml fdlp 2575 2919 DGPO 2025-01-11 2025-01-11 FR-2025-01-13 machine generated eng FR FR-2025-01-13 90 7