FINRA Provides One-Day Extension for Reserve Bank Account Deposits

FINRA provided broker-dealers with a one-day extension for making Reserve Bank Account deposits, as required under Exchange Act Rule 15c3-3, in order to accommodate the Christmas and New Year holidays.

As a result of the extension, broker-dealers will be permitted to make Reserve Bank Account deposits by December 27, 2018 for the week ending on December 21, 2018, and by January 3, 2019 for the week ending December 28, 2018.