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SEC

RIN: 3235-AL19

Publication ID: Spring 2013

Title: Retail Foreign Exchange Transactions
Abstract: The Commission adopted interim final temporary Rule 15b12-1T to maintain the ability of a registered broker-dealer to engage in a retail foreign exchange business until July 16, 2012, provided that the broker-dealer complies with the Exchange Act, the rules and regulations thereunder, and SRO rules, insofar as they are applicable to retail foreign exchange transactions. On July 16, 2012, the interim final rule was extended through July 16, 2013.
Agency: Securities and Exchange Commission(SEC)	Priority: Substantive, Nonsignificant
RIN Status: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Final Rule Stage
Major: No	Unfunded Mandates: No
CFR Citation: 17 CFR 240.15b12-1T
Legal Authority: 7 USC 2(c)(2)(E)

Legal Deadline:

Action	Source	Description	Date
Other	Statutory	see description below	07/16/2011

Overall Description of Deadline: Under section 742(c) of the Dodd Frank Act, registered broker-dealers will be prohibited from engaging in retail foreign exchange transactions as of July 16, 2011 unless the Commission adopts a rule to allow such transactions. The rule is effective through July 16, 2013.

Timetable:

Action	Date	FR Cite
Interim Final Rule Effective	07/11/2011
Interim Final Rule	07/15/2011	76 FR 41676
Interim Final Rule Comment Period End	09/13/2011
Interim Final Rule Extended	07/16/2012	77 FR 41671
Corrections	08/20/2012	77 FR 50016
Interim Final Rule Effective Through	07/00/2013

Regulatory Flexibility Analysis Required: No	Government Levels Affected: None
Federalism: No
Included in the Regulatory Plan: No
RIN Information URL: www.sec.gov/rules/interim/2012/34-67405.pdf
RIN Data Printed in the FR: No
Related RINs: Related to 3038-AC61, Related to 3064-AD81, Related to 1557-AD42, Related to 7100-AD79
Agency Contact: Stephen Benham Division of Trading and Markets Securities and Exchange Commission 100 F Street NE., Washington, DC 20549 Phone:202 551-5539 Email: benhams@sec.gov