SEC extends compliance date for broker-dealers
26 June 2025 US
Image: julien/stock.adobe.com
The US 糖心vlog and Exchange Commission (SEC) has voted to extend the compliance date for the broker-dealer customer protection rule.
The amendments require certain broker-dealers to increase the frequency of required reserve computations under Rule 15c3-3 from weekly to daily.
While adopted on 20 December 2024, the new compliance date for the rule amendments will take effect on 30 June 2026 鈥� providing a six-month extension for broker-dealers.
The extension aims to provide more time for broker-dealers to make any necessary systems or operational changes to implement a daily computation requirement, as well as test their new daily processes for compliance.
Commenting on the change, SEC Chairman Paul S. Atkins says: 鈥淭he days of unreasonable deadlines have passed. By extending this compliance date, we are giving broker-dealers additional time to implement daily computation under Rule 15c3-3.
鈥淚 am pleased the Commission agrees that additional time is necessary to allow broker-dealers to avoid operational challenges with meeting the initial compliance date.鈥�
The amendments require certain broker-dealers to increase the frequency of required reserve computations under Rule 15c3-3 from weekly to daily.
While adopted on 20 December 2024, the new compliance date for the rule amendments will take effect on 30 June 2026 鈥� providing a six-month extension for broker-dealers.
The extension aims to provide more time for broker-dealers to make any necessary systems or operational changes to implement a daily computation requirement, as well as test their new daily processes for compliance.
Commenting on the change, SEC Chairman Paul S. Atkins says: 鈥淭he days of unreasonable deadlines have passed. By extending this compliance date, we are giving broker-dealers additional time to implement daily computation under Rule 15c3-3.
鈥淚 am pleased the Commission agrees that additional time is necessary to allow broker-dealers to avoid operational challenges with meeting the initial compliance date.鈥�
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