FINRA - Rules & Regulation - Net Capital Rule, SEC Rule 15c3-1

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Home > Rules & Regulation > Publications & Guidance > Interpretations of Financial & Operational Rules > Net Capital Rule, SEC Rule 15c3-1
Printer-Friendly Temporary Relief from the Requirements of FINRA and SEC Rules Regarding the Net Capital Charges Applicable to Credit Extended on Non-Marginable ARPS

April 11, 2008

FINRA released an interpretive letter on temporary relief from the requirements of FINRA and SEC Rules regarding the net capital charges applicable to credit extended on non-marginable Auction Rate Preferred Securities. The letter is in response to recent developments in the market for such securities.

Publications & Guidance

Temporary Relief from the Requirements of FINRA and SEC Rules Regarding the Net Capital Charges Applicable to Credit Extended on Non-Marginable ARPS