View Rule
View EO 12866 Meetings | Printer-Friendly Version Download RIN Data in XML |
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:
|
|||||||||||||||||||||
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:
|
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 |