SECURITIES AND EXCHANGE COMMISSION ISSUES RULE: EXTENSION OF COMPLIANCE DATE FOR REQUIRED DAILY COMPUTATION OF CUSTOMER AND BROKER-DEALER RESERVE REQUIREMENTS UNDER THE BROKER-DEALER CUSTOMER PROTECTION RULE

WASHINGTON, July 1 -- Securities And Exchange Commission has issued a rule called: Extension of Compliance Date for Required Daily Computation of Customer and Broker-Dealer Reserve Requirements Under the Broker-Dealer Customer Protection Rule.

The rule was published in the Federal Register on July 1 by Stephanie J. Fouse, Assistant Secretary.

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.

For more information, contact Michael A. Macchiaroli, A...