Net capital rule 15c3 1

SEC amended the net capital rule (Rule 15c3-1) in 1975 to establish uniform net capital standards for brokers and dealers' registered with SEC under Section 15(b) of the Securities Exchange Act of 1934 (Exchange Act).

of the net capital deductions required by paragraph (c)(2)(iv)(B) of Rule 15c3-1 for securities lending and borrowing transactions with the deductions required under paragraph (c)(2)(iv)(F) for securities repurchase and reverse repurchase agreement transactions (17 CFR 240 240.15c3- 1(c)(2)(iv)(B) and (c)(2)(iv)(F), respectively); and Define Net Capital Ratio. means, as of any date of determination, the percentage of net capital to aggregate debit items of any Person subject to the Net Capital Rule 15c3-1 promulgated by the SEC and computed in accordance with the Formula for Determination of Reserve Requirements for Brokers and Dealers, (Exhibit A to Rule 15c3-3).

A member firm wishes to upstream capital to its parent holding company. The amount of the withdrawal will exceed 30% of the firm's excess net capital. Under SEC Rule 15c3-1, the member must advise the SEC: A) on or before the next FOCUS reporting date. B) two business days prior to the withdrawal. C) on or before the withdrawal. Apex’s software applications are intelligently designed to calculate SEA Rule 15c3-1 NET Capital requirements for Regulatory Reporting within the Capital Markets industry. Under SEC rules (Securities Exchange Act (SEA) Rule 15c3-1(c)(2)(viii) (Open Contractual Commitments)), a broker-dealer is required to have, prior to an underwritten offering of securities, a certain level of net capital representing a portion of the part of the offering which the broker-dealer firm is underwriting. Define Net Capital Ratio. means, as of any date of determination, the percentage of net capital to aggregate debit items of any Person subject to the Net Capital Rule 15c3-1 promulgated by the SEC and computed in accordance with the Formula for Determination of Reserve Requirements for Brokers and Dealers, (Exhibit A to Rule 15c3-3). Define Net Capital Ratio. means, as of any date of determination, the percentage of net capital to aggregate debit items of any Person subject to the Net Capital Rule 15c3-1 promulgated by the SEC and computed in accordance with the Formula for Determination of Reserve Requirements for Brokers and Dealers, (Exhibit A to Rule 15c3-3).

(b)(1) Unless otherwise permitted by FINRA, a member shall suspend all business operations during any period in which it is not in compliance with applicable net capital requirements set forth in SEA Rule 15c3-1. NET CAPITAL REQUIREMENTS FOR BROKERS OR DEALERS SEA Rule 15c3-1 (a) NET CAPITAL REQUIREMENTS FOR BROKERS OR DEALERS . Every broker or dealer must at all times have and maintain net capital no less than the greater of the highest minimum requirement applicable to its ratio requirement under paragraph The net capital rule, SEC Rule 15c3-1, is the principal rule by which the financial health of US broker-dealers is regulated and monitored. The net capital rule requires US broker-dealers to maintain “net capital” (i.e., capital in excess of