Market regulation · 30/06/2011

SEC Extends Compliance Date for Risk Management Controls for Brokers or Dealers with Market Access

The Securities and Exchange Commission (SEC) is extending the compliance date for certain recently adopted requirements of Rule 15c3-5 under the Securities Exchange Act of 1934 until November 30, 2011, for broker-dealers with access to trading securities directly on an exchange or alternative trading system, including those providing sponsored or direct market access to customers or other persons.