Regulatory Net Capital definition

Regulatory Net Capital of any Person means (a) in the case such Person is a Broker-Dealer Subsidiary of the type described in clause (a) of the definition of “Broker-Dealer Subsidiary”, the amount of net capital held by such Person as a broker-dealer under Section 15(c)(3) of the Securities Exchange Act and regulations promulgated thereunder (or under comparable statutes and regulations of the applicable jurisdiction) and (b) in the case such Person is a Broker-Dealer Subsidiary of the type described in clause (b) of the definition of “Broker-Dealer Subsidiary”, the amount of net capital held by such Person as a futures commission merchant or introducing broker under Section 4f(b) of the Commodity Exchange Act and regulations promulgated thereunder (or under comparable statutes and regulations of the applicable jurisdiction).

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Regulatory Net Capital means, for each Regulated Subsidiary, the Regulatory Total Capital adjusted by amounts and calculations that are specified in the applicable laws of the applicable Regulatory Supervising Organizations.

Regulatory Net Capital means the Regulatory Net Capital of ▇▇▇▇▇ ▇▇▇▇▇▇▇ & Co. as shown on its monthly FOCUS Report.

Examples of Regulatory Net Capital in a sentence

Maintain at all times Regulatory Net Capital in compliance with applicable law but in no event less than five percent (5%) of its aggregate debit items calculated using the alternative standard for net capital calculation.
The Company will cause its Subsidiary, ▇▇▇▇▇ ▇▇▇▇▇▇▇ & Co., to maintain Regulatory Net Capital of at least $120,000,000.
The Parent and the Borrower shall cause each Broker-Dealer Subsidiary to maintain at all times Regulatory Net Capital in compliance with Applicable Laws.
Advanced Clearing will have Regulatory Net Capital at all times in compliance with law but in no event less than 5% of aggregate debit items.
Maintain at all times Regulatory Net Capital in compliance with applicable law but in no event less than six percent (6%) of its aggregate debit items calculated using the alternative standard for net capital calculation.

More Definitions of Regulatory Net Capital

Regulatory Net Capital means for any Person the amount of net capital held by such Person as a broker-dealer under Section 15(c)(3) of the Securities Exchange Act, Rule 15c3-1 and the other applicable regulations promulgated thereunder.

Regulatory Net Capital of any Person means (a) in the case such Person is a Broker-Dealer Subsidiary of the type described in clause (a) of the definition of “Broker-Dealer Subsidiary”, the then current minimum net capital such Person is required to have and maintain pursuant to Rule 15c3-1 under the Securities Exchange Act and regulations promulgated thereunder (or under comparable statutes and regulations of the applicable jurisdiction) and (b) in the case such Person is a Broker-Dealer Subsidiary of the type described in clause (b) of the definition of “Broker-Dealer Subsidiary”, the then current Adjusted Net Capital (as defined in the Commodity Futures Trading Commission (CFTC) Regulation 1.17) such Person is required to have and maintain pursuant to applicable National Futures Association (NFA) financial requirements (or under comparable statutes and regulations of the applicable jurisdiction).

Regulatory Net Capital means the Regulatory Net Capital of Piper Jaffray & Co. as shown on its monthly FOCUS

Regulatory Net Capital means the Regulatory Net Capital of Piper Sandler & Co. as shown on its monthly FOCUS Report.

Regulatory Net Capital means the “net capital” of PJ&Co as shown on its filed monthly FOCUS report.

Regulatory Net Capital means the net capital of COR Clearing as of 11:59 p.m. New York City time on the date immediately preceding the Closing Date, computed in accordance with the Net Capital Rule.