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Customer Protection Rule 15C3-3 - Online
Learn how the three main purposes of the Rule 15C3-3 protect customer interests and how they affect the regulatory environment within firms.
CPE Credits: 5 - The complete list of CPE courses can be found here.
Program Details (NASBA) View
| Program Level |
Intermediate |
| Prerequisites |
None |
| Advance Preparation |
No advance preparation required. |
| Recent Revision Date |
March 6, 2017 |
| Instructional Delivery Method |
QAS Self Study |
| Field of Study |
Specialized Knowledge |
Duration : 45 Minutes
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Lesson 1: Regulatory Environment Overview
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Lesson 2: Rule 15C3-3 Reserve Formula
Duration : 2 Hours
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Lesson 1: Settlement
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Lesson 2: Custody and Asset Servicing
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Lesson 3: Margin
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Lesson 4: Stock Record
Duration : 1 Hour 30 Minutes
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Lesson 1: Rule 15C3-3 Reserve Formula
By the end of this course, you will be able to:
- Understand the background and reasoning for the Rule’s existence.
- Determine the difference between customers and non-customers.
- Gain understanding of how the stock record allocation works and understand why certain balance makes their way into the reserve formula.
- Review how possession or control requirements are calculated and action necessary when securities are in deficit.
- Review actual FOCUS Reserve Formula allocation.
Brokerage accounting, compliance and legal personnel, industry utilities and regulatory personnel, and system developers
