FINRA proposed the adoption of a Supplemental
Liquidity Schedule ("SLS"), pursuant to FINRA Rule 4524
("Supplemental FOCUS Information") for "members with
the largest customer and counterparty exposures." The Schedule
would supplement FOCUS Report filings.
FINRA stated that the requirement to file the SLS would apply
only to (i) carrying members with at least $25 million in free
credit balances, as outlined under SEA Rule 15c3-3(a)(8), and (ii) any member with at least
$1 billion in aggregate outstanding repurchase agreements,
securities loan contracts and bank loans, as reported on their most
recent FOCUS Report. Under these thresholds, FINRA approximated,
the SLS requirement would apply to approximately 85 to 100 of its
members with the greatest customer and counterparty exposures.
