federal_register: E9-31058
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| document_number | title | type | abstract | publication_date | pub_year | pub_month | html_url | pdf_url | agency_names | agency_ids | excerpts |
|---|---|---|---|---|---|---|---|---|---|---|---|
| E9-31058 | Revised Adjusted Net Capital Requirements for Futures Commission Merchants and Introducing Brokers | Rule | The Commodity Futures Trading Commission ("Commission") is amending its regulations that prescribe minimum adjusted net capital requirements for futures commission merchants ("FCMs") and introducing brokers ("IBs"). The amendments: increase the required minimum dollar amount of adjusted net capital that an IB must maintain from $30,000 to $45,000; increase the required minimum dollar amount of adjusted net capital that an FCM must maintain from $250,000 to $1,000,000; amend the computation of an FCM's margin-based minimum adjusted net capital requirement to incorporate into the calculation customer and noncustomer positions in over-the-counter derivative instruments that are submitted for clearing by the FCM to derivatives clearing organizations ("DCOs") or other clearing organizations ("cleared OTC derivative positions"); specify capital deductions for FCM proprietary cleared OTC derivative positions based on the deductions required by the Commission's regulations for FCM proprietary positions in exchange-traded futures contracts and options contracts; and amend the FCM capital computation to increase the applicable percentage of the total margin-based requirement for futures, options and cleared OTC derivative positions in noncustomer accounts to eight percent. | 2009-12-31 | 2009 | 12 | https://www.federalregister.gov/documents/2009/12/31/E9-31058/revised-adjusted-net-capital-requirements-for-futures-commission-merchants-and-introducing-brokers | https://www.govinfo.gov/content/pkg/FR-2009-12-31/pdf/E9-31058.pdf | Commodity Futures Trading Commission | 77 | The Commodity Futures Trading Commission ("Commission") is amending its regulations that prescribe minimum adjusted net capital requirements for futures commission merchants ("FCMs") and introducing brokers ("IBs"). The amendments: increase the... |