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 24, 2008

Update to the April 11, 2008, Interpretive Letter: Auction Rate Preferred Securities

Update to the temporary relief from the requirements of FINRA and SEC Rules regarding the net capital charges applicable to credit extended on non-marginable ARPS. This update modifies the requirement to obtain secured bank loans for credit extended to customers collateralized by ARPS.

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