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SEC Extends Deadline for Changes to Broker-Dealers' Daily Reserve Requirements
Summary: In breaking news, the U.S. Securities and Exchange Commission (SEC) has announced an extension of the compliance deadline for the revised Rule 15c3-3 (Customer Protection Rule) from the original date of December 31, 2025, to June 30, 2026. This rule requires certain broker-dealers to adjust their customer reserve calculations from weekly to daily to enhance ...
In breaking news, the U.S. Securities and Exchange Commission (SEC) has announced an extension of the compliance deadline for the revised Rule 15c3-3 (Customer Protection Rule) from the original date of December 31, 2025, to June 30, 2026. This rule requires certain broker-dealers to adjust their customer reserve calculations from weekly to daily to enhance financial safeguards. SEC Chairman Paul S. Atkins stated that the extension aims to prevent operational challenges for broker-dealers.
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Link: SEC Extends Deadline for Changes to Broker-Dealers' Daily Reserve Requirements [Copy]
