10 Apr 2025
📊SEC Solicits Comments on Appendix F to Rule 15c3-1
Submission for OMB Review; Comment Request; Extension: Appendix F to Rule 15c3-1
Summary
The SEC is requesting comments on existing information collection for Appendix F to Rule 15c3-1 related to OTC derivatives dealers. The regulation outlines the criteria for calculating net capital charges in lieu of traditional methods, emphasizing the importance of accurate reporting and internal risk management systems. Comments are invited concerning the necessity and burden of the information collection process.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The document discusses compliance and regulatory requirements directed at OTC derivatives dealers regarding net capital calculations, which directly impacts their reporting obligations and operations. Business owners in this realm need to be aware of their responsibility to manage and report risk accurately.