Rule 15c3-3 definition

Rule 15c3-3 means Rule 15c3-3 of the General Rules and Regulations as promulgated by the SEC under the Securities Exchange Act of 1934, as such rule may be amended from time to time, or any rule or regulation of the SEC that replaces Rule 15c3-3.

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Rule 15c3-3. Rule 15c3-3 of the General Rules and Regulations as promulgated by the Securities and Exchange Commission under the Securities and Exchange Act of 1934, as amended (17 CFR 240.15c3-3), as such Rule may be amended from time to time, or any rule or regulation which replaces Rule 15c3-3.

Rule 15c3-3. Rule 15c3-3 promulgated under the Exchange Act.

Examples of Rule 15c3-3 in a sentence

Free credit balances may be used by LPL in the ordinary course of its business subject to the requirements of Rule 15c3-3 under the Securities Exchange Act of 1934.
The PAIB reserve computation shall be prepared within the same time frames as those prescribed by Rule 15c3-3 for the customer reserve formula.
All PAIB assets shall be kept separate and distinct from customer assets under the customer reserve formula in Rule 15c3-3.
All PAIB assets will be kept separate and distinct from customer assets under the customer reserve computation set forth in SEC Rule 15c3-3.
Stifel may use your Free Credit Balance, subject to the limitations of Rule 15c3-3 under The Securities Exchange Act of 1934 (17 CFR Section 240.
For the avoidance of doubt, Tranche A Loans must be designated by the Borrower as a “customer bank loan” and qualify as a Customer Bank Loan under Rule 15c3-3 and Regulation T.
NCPS will hold such amounts in escrow for the benefit of the subscribers and the Company, and shall promptly transmit the amounts to a special reserve account for the exclusive benefit of customers (the “Special Reserve Account”) at a bank, in accordance with SEC Rule 15c3-3, or to such other bank account as NCPS may establish and maintain for the exclusive benefit of escrow beneficiaries (the “Escrow Account”), in accordance with SEC Rule 15c3-3, SEC Rule 15c2-4, and FINRA guidelines.
SLK shall establish and maintain a separate "Special Reserve Account for the Exclusive Benefit of Customers" with a bank in conformity with the standards of paragraph (f) of Rule 15c3-3 ("PAIB Reserve Account").
Under Rule 15c3-3 of the Securities Exchange Act of 1934, as amended (respectively, “Rule 15c3-3” and the “Exchange Act”), GS&Co. is required to obtain and, thereafter, to maintain possession or control of customer fully-paid securities and excess margin securities, as such terms are defined in that rule.
Under a clarification to SEC Rule 15c3-3, in order for uncertificated mutual fund shares to be considered held in a good control location, broker-dealers are required to obtain a specific acknowledgment from the mutual fund holding these types of accounts.

More Definitions of Rule 15c3-3

Rule 15c3-3 means Rule 15c3-3 (as amended from time to time) adopted by the SEC under the Exchange Act.

Rule 15c3-3 means Rule 15c3-3 of the General Rules and Regulations governing customer protection with respect to reserves and custody of securities as promulgated by the Commission under the Exchange Act, as such rule may be amended from time to time, or any rule or regulation of the Commission which replaces Rule 15c3-3.

Rule 15c3-3. Rule 15c3-3 promulgated under the Exchange Act. "Secured Obligations": As defined in the Collateral Agreement. "Securities": Collectively, DTC Debt Securities, DTC Equity Securities, Government Securities and GNMA Securities. "Securities Act": The Securities Act of 1933, as amended. "Self-Regulatory Organization": As defined in Section 3(a)(26) of the Exchange Act. "SIPA": The Securities Investor Protection Act of 1970, as amended. "Special Reserve Account": The special reserve bank account maintained by the Company with the Bank for the exclusive benefit of Customers pursuant to Rule 15c3-3. "Subsidiary": Any corporation or other entity of which securities or other ownership interests having ordinary voting power for the election of a majority of the board of directors or other Persons performing similar functions are owned by the Company either directly or through one or more Subsidiaries. "Tangible Net Worth": With respect to any Person, at the date of any determination, the sum of the amounts set forth on the consolidated, if applicable, balance sheet of such Person, as the sum of the common stock, preferred stock, additional paid-in capital and retained earnings of such Person (excluding treasury stock), less the net book value of all assets of such Person and its subsidiaries (to the extent reflected as an asset on such consolidated balance sheet) that would be treated as intangibles under GAAP, including all such items as goodwill, trademarks, trade names, service marks, copyrights, patents, licenses, unamortized debt discount and expenses and the excess of the purchase price of the assets of any business acquired by such Person or any subsidiary over the book value of such assets, and less obligations owed to such person by any Affiliate. Tangible Net Worth of the Parent shall exclude loans made by the Parent to any of its officers, directors or employees. "Termination Date": The earliest of (a) the Commitment Ending Date, (b)the date on which the Commitment is terminated pursuant to Section 7.2 or (c) the date on which the Commitment Amounto is reduced to zero or the Commitment is terminated pursuant to Section 2.9 hereof. "Total Assets": At the time of any determination, the net book value of all assets of the Company as determined in accordance with GAAP. "UCC": The Uniform Commercial Code as in effect from time to time in the State of Minnesota. "U.S. Person": Any corporation, partnership, association or trust that issues Securities and that is...