Capital Adequacy: Rule 15c3-1

Cost	Members - $1,000 Non-Members - $1,400
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
TBD	Available in 2010	TBD
Venue
TBD

 

Other Registration Options & Cancellation Policy

 

Tentative 2010 Course Agenda (PDF 40 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 computation 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