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17 C.F.R. § 402.2e   Appendix E—Temporary minimum requirements.

Title 17 - Commodity and Securities Exchanges

Title 17: Commodity and Securities Exchanges
PART 402—FINANCIAL RESPONSIBILITY

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§ 402.2e   Appendix E—Temporary minimum requirements.

(a) A government securities broker or dealer that falls within the provisions of paragraph (b)(1) of §402.2 shall maintain not less than the greater of:

(1) The amount of liquid capital required under paragraph (a) of §402.2; or

(2) The amount of liquid capital, after deducting total haircuts, of:

(i) $25,000 through June 30, 1995;

(ii) $100,000 from July 1, 1995 through December 31, 1995;

(iii) $175,000 from January 1, 1996 through June 30, 1996; and

(iv) $250,000 from July 1, 1996 and thereafter.

(b) A government securities broker or dealer that falls within the provisions of paragraph (b)(2) of §402.2 shall maintain not less than the greater of:

(1) The amount of liquid capital required under paragraph (a) of §402.2; or

(2) The amount of liquid capital, after deducting total haircuts, of:

(i) $25,000 through June 30, 1995;

(ii) $50,000 from July 1, 1995 through December 31, 1995;

(iii) $75,000 from January 1, 1996 through June 30, 1996; and

(iv) $100,000 from July 1, 1996 and thereafter.

(c) A government securities broker that falls within the provisions of paragraph (c)(1) of §402.2 shall maintain not less than the greater of:

(1) The amount of liquid capital required under paragraph (a) of §402.2; or

(2) The amount of liquid capital, after deducting total haircuts, of:

(i) $5,000 through June 30, 1995;

(ii) $20,000 from July 1, 1995 through December 31, 1995;

(iii) $35,000 from January 1, 1996 through June 30, 1996; and

(iv) $50,000 from July 1, 1996 and thereafter.

(d) A government securities broker that falls within the provisions of paragraph (c)(2) of §402.2 shall maintain not less than the greater of:

(1) The amount of liquid capital required under paragraph (a) of §402.2; or

(2) The amount of liquid capital, after deducting total haircuts, of:

(i) $5,000 through June 30, 1995;

(ii) $11,000 from July 1, 1995 through December 31, 1995;

(iii) $18,000 from January 1, 1996 through June 30, 1996; and

(iv) $25,000 from July 1, 1996 and thereafter.

[60 FR 11026, Mar. 1, 1995; 60 FR 12825, Mar. 8, 1995]

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