4460. Calculating minimum insurance requirement and risk adjusted capital provisions

Every month, a Dealer Member must calculate its required minimum insurance coverage and file Schedule 10 of Form 1 with its monthly financial report.

In calculating minimum insurance coverage requirements, a Dealer Member must treat non‑negotiable and negotiable form securities as the same.

When calculating its risk adjusted capital amount, a Dealer Member must provide capital for the amount of its insurance deductible.