SEC Extends Compliance Deadline for Broker-Dealers on Customer Protection Rule

According to PANews, the U.S. Securities and Exchange Commission (SEC) has announced an extension for the compliance deadline of the revised Rule 15c3-3, known as the Customer Protection Rule. Originally set for December 31, 2025, the new deadline is now June 30, 2026. This rule mandates certain broker-dealers to shift the frequency of customer reserve calculations from weekly to daily to enhance financial safeguards. SEC Chairman Paul S. Atkins stated that the extension aims to prevent operational challenges for broker-dealers. It is important to note that this rule applies only to securities-related digital asset custody and does not affect non-securities digital assets like Bitcoin. In May 2025, the SEC withdrew a 2019 joint statement, allowing broker-dealers to establish control over uncertificated digital asset securities through qualified custodians such as banks. The extension provides institutions with additional time to adjust their systems and test the daily calculation processes.