402.2e—Appendix E—Temporary minimum requirements.
(a)
A government securities broker or dealer that falls within the provisions of paragraph (b)(1) of § 402.2 shall maintain not less than the greater of:
(1)
The amount of liquid capital required under paragraph (a) of § 402.2; or
(2)
The amount of liquid capital, after deducting total haircuts, of:
(i)
$25,000 through June 30, 1995;
(ii)
$100,000 from July 1, 1995 through December 31, 1995;
(iii)
$175,000 from January 1, 1996 through June 30, 1996; and
(iv)
$250,000 from July 1, 1996 and thereafter.
(b)
A government securities broker or dealer that falls within the provisions of paragraph (b)(2) of § 402.2 shall maintain not less than the greater of:
(1)
The amount of liquid capital required under paragraph (a) of § 402.2; or
(2)
The amount of liquid capital, after deducting total haircuts, of:
(i)
$25,000 through June 30, 1995;
(ii)
$50,000 from July 1, 1995 through December 31, 1995;
(iii)
$75,000 from January 1, 1996 through June 30, 1996; and
(iv)
$100,000 from July 1, 1996 and thereafter.
(c)
A government securities broker that falls within the provisions of paragraph (c)(1) of § 402.2 shall maintain not less than the greater of:
(1)
The amount of liquid capital required under paragraph (a) of § 402.2; or
(2)
The amount of liquid capital, after deducting total haircuts, of:
(i)
$5,000 through June 30, 1995;
(ii)
$20,000 from July 1, 1995 through December 31, 1995;
(iii)
$35,000 from January 1, 1996 through June 30, 1996; and
(iv)
$50,000 from July 1, 1996 and thereafter.
(d)
A government securities broker that falls within the provisions of paragraph (c)(2) of § 402.2 shall maintain not less than the greater of:
(1)
The amount of liquid capital required under paragraph (a) of § 402.2; or
(2)
The amount of liquid capital, after deducting total haircuts, of:
(i)
$5,000 through June 30, 1995;
(ii)
$11,000 from July 1, 1995 through December 31, 1995;
(iii)
$18,000 from January 1, 1996 through June 30, 1996; and
(iv)
$25,000 from July 1, 1996 and thereafter.
Code of Federal Regulations
[60 FR 11026, Mar. 1, 1995; 60 FR 12825, Mar. 8, 1995]