JD Supra

SEC Amends the Customer Protection Rule to Require Daily Reserve Formula Computations for Large Clearing/Carrying Broker-Dealers

On December 20, 2024, the Securities and Exchange Commission (SEC) issued a final rule amending SEC rules 15c3-3 (the customer protection rule) and 15c3-1 (the net capital rule). The SEC also amended ...
CoinTelegraph

XRP cuts reserve requirement by 90%, allowing for smaller new wallets

XRP Ledger reduced its reserve requirement from 10 to 1 XRP, letting users fund wallets with as little as $2.56. XRP Ledger reduced base reserve requirements from 10 XRP ($25.60 at current XRP prices) ...
Hosted on MSN

China announces sweeping measures to ease policy in bid to shore up trade-war hit economy

China will cut the seven-day reverse repurchase rates by 10 basis points to 1.4% from 1.5%, the People's Bank of China Governor Pan Gongsheng said at a press briefing. The central bank will also lower ...
JD Supra

SEC Proposes To Amend Broker-Dealer Customer Protection Rule Reserve Account Calculation Requirements

The U.S. Securities and Exchange Commission (SEC) proposed to amend Exchange Act Rule 15c3-3 (the Customer Protection Rule)[1] on July 12, 2023. If adopted, the proposed amendments would increase the ...