Capital Adequacy: Rule 15c3-1

Cost	Members - TBA Non-Members - TBA
Duration	1 Day
Time	8:30 am - 5:15 pm
CRCP Credits	6
CRCP CE Credits	6
CPE Credits	7
CPE Course Type	Overview
Location	Date	Code
TBA	TBA	TBA
Venue
TBA

 

Other Registration Options & Cancellation Policy

 

Tentative Agenda (PDF 31 KB)

 

This course qualifies for FINRA Institute at Wharton Certified Regulatory and Compliance Professional™ (CRCP™) credit for candidates who have taken courses prior to January 2007. Participants taking the course who are not CRCP Program candidates prior to January 2007 are not required to take the assessment exercise and will not earn CRCP credit.

 

Course Description

This course describes the capital adequacy requirements mandated by SEC Rule 15c3-1, and explains how to assess a financial institution's available capital. Coursework addresses broker-dealer accounting, net capital calculations, reporting requirements and implications of liabilities on capital adequacy.

After completing this course, you will be able to:

• Discuss the background and purpose of the net capital rule
• Understand broker-dealer accounting
• Define the components of net capital and the net capital minimum requirement
• Properly report operational liabilities
• Discuss contractual commitments and their reporting/net capital requirements
• Explain "haircut computations" and "haircut optimization" methods
• Explain potential liabilities that impact capital adequacy requirements
• Perform net capital calculations
• Explain the relationship between Rules 15c3-3 and 15c3-1
• Explain expense-sharing agreements and their relationship to capital adequacy requirements

Only FINRA's Spring and Fall Securities Conferences are open to the media. All other FINRA conferences, pre-conferences, seminars, and other professional development courses are closed to the media.