Federal Register #Release No.: 34-106267

SEC Regulatory Notice on Broker-Dealer Reserve Computations for U.S. Treasury Securities

This regulatory notice from the Securities and Exchange Commission (SEC) addresses broker-dealer reserve computations under the Customer Protection Rule for U.S. Treasury securities. - Government buyer: - Securities and Exchange Commission (SEC) - OEMs and vendors mentioned: - ICE Clear Credit LLC (ICC) - Financial Industry Regulatory Authority, Inc. (FINRA) - Products/services requested: - No products, part numbers, or purchase quantities are requested - No services are solicited - Unique or notable requirements: - Notice allows broker-dealers to include a debit in reserve computations when depositing cash, U.S. Treasury securities, or qualified customer securities to meet margin requirements of ICC - ICC's rules and practices have been reviewed and approved by the SEC for compliance with customer protection objectives - The notice is informational and regulatory, not a procurement or solicitation

Description

The Securities and Exchange Commission (SEC) published a notice allowing broker-dealers to include a debit in customer protection rule reserve computations when depositing cash, U.S. Treasury securities, and/or qualified customer securities to meet margin requirements of ICE Clear Credit LLC (ICC). This relates to positions in U.S. Treasury securities of the broker-dealer's customers. The notice follows the Commission's approval of ICC's rules and practices that meet the customer protection objectives under Rule 15c3-3a, Note H conditions.

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