PART B.5 - MARGIN REQUIREMENTS

4364. Non-acceptable internal storage and non-acceptable securities location

Or jump to a Series:

    1. If securities are:

      1. not considered to be under the Dealer Member’s control or physical possession for purposes of good segregation under section 4355, or

      2. not under a Dealer Members physical possession and are held at a non‑acceptable securities location because:

        1. the location does not meet the criteria for an internal acceptable securities location as specified in section 4345, or

        2. the location does not meet the criteria for an external acceptable securities location as specified in section 4348, or

        3. there is no annual written approval of a foreign institution or foreign securities dealer as an acceptable securities location as specified in section 4351,

    2. then, when it calculates risk adjusted capital, a Dealer Member must deduct 100% of the market value of securities held in custody with the non‑acceptable securities location.

    There is no history log for this rule.

    There is no history log for this rule.