Daily Computation of Customer and Broker-Dealer Reserve Requirements Under the Broker-Dealer Customer Protection Rule

Document 2023-15200 is a Proposed Rule published by the Securities and Exchange Commission in the Federal Register on July 18, 2023. The Securities and Exchange Commission ("Commission") proposes to amend the broker-dealer customer protection rule to require certain broker-dealers to perform their customer and broker-dealer reserve computations and make any required deposits into their reserve bank accounts daily rather than weekly. The Commission also is seeking comment on whether similar daily reserve computation requirements should apply to broker-dealers and security-based swap dealers with respect to their security-based swap customers. View the original at https://www.federalregister.gov/documents/2023/07/18/2023-15200/daily-computation-of-customer-and-broker-dealer-reserve-requirements-under-the-broker-dealer.

No. Document 2023-15200 is not classified as economically significant under Executive Order 12866. Economically significant rules require OIRA review and are estimated to have impacts of $100 million or more per year.