SEC Extends Comment Period for Proposed Financial Responsibility Rule Amendments

 

 

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May 18, 2007

TO: INST. MONEY MARKET FUNDS ADVISORY COMMITTEE No. 12-07
MONEY MARKET FUNDS ADVISORY COMMITTEE No. 10-07
SEC RULES MEMBERS No. 49-07     RE: SEC EXTENDS COMMENT PERIOD FOR PROPOSED FINANCIAL RESPONSIBILITY RULE AMENDMENTS

 

As we previously informed you, [1] the Securities and Exchange Commission has proposed amendments to its financial responsibility rules, including the net capital (Rule 15c3-1) and customer protection (Rule 15c3-3) rules for broker-dealers. [2]  In order to give the public additional time to consider the proposal, the SEC has extended the comment period for the proposed amendments until June 18, 2007. [3]

 

Jane G. Heinrichs
Associate Counsel

endnotes

 [1] Memorandum to Inst. Money Market Funds Advisory Committee No. 6-07, Money Market Funds Advisory Committee No. 5-07, and SEC Rules Members No. 36-07, dated March 16, 2007 [20962].

 [2] SEC Release No. 34-55431 (March 9, 2007).  The proposal can be found on the SEC’s website at http://sec.gov/rules/proposed/2007/34-55431.pdf.

 [3] SEC Release No. 34-55777 (May 17, 2007).  Comments were originally due to the SEC today, May 18, 2007.  The notice extending the comment period can be found on the SEC’s website at http://sec.gov/rules/proposed/2007/34-55777.pdf.