The regulator has proposed changes to the so-called variable net worth — a capital cushion every broker must maintain as a buffer against risks from its client business. Currently, this cushion is set at 10% of the average daily cash balance a broker holds on behalf of clients.
The regulator has proposed changes to the so-called variable net worth — a capital cushion every broker must maintain as a buffer against risks from its client business. Currently, this cushion is set at 10% of the average daily cash balance a broker holds on behalf of clients.
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