1 Jul 2025
📊SEC Extends Compliance Date for Broker-Dealer Reserve Computations
Extension of Compliance Date for Required Daily Computation of Customer and Broker-Dealer Reserve Requirements Under the Broker-Dealer Customer Protection Rule
Summary
The Securities and Exchange Commission ("Commission") is extending the compliance date for the recently adopted amendments that require certain broker-dealers to perform daily reserve computations and make required deposits into their reserve bank accounts daily rather than weekly by six months from December 31, 2025, to June 30, 2026.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The text discusses an extension of the compliance date for broker-dealers to conduct daily reserve computations, which affects regulatory requirements for these businesses. Compliance with this rule is mandatory for broker-dealers exceeding a $500 million credit threshold. Thus, it has significant implications on operational costs and compliance processes for impacted firms.