The SEC and FINRA have both considered adopting rules regarding broker-dealer liquidity, but have not done so to date. Nonetheless, the regulators are keenly interested in the topic and have issued a number of recommendations as to liquidity practices. In addition, the regulators monitor the liquidity practices of significant firms. While neither the SEC nor FIRA have adopted liquidity requirements, various of the securities clearing corporations have adopted requirements for their clearing members, which requirements are reflected in the Federal Registers below. See also the Broker-Dealer Capital page.