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Net Capital Requirements
3 Months Ended
Mar. 31, 2020
Net Capital Requirements [Abstract]  
Net Capital Requirements

19. NET CAPITAL REQUIREMENTS

JVB is subject to the net capital provision of Rule 15c3-1 under the Exchange Act, which requires the maintenance of minimum net capital, as defined therein.

As of March 31, 2020, JVB’s adjusted net capital was $56,517 which exceeded the minimum requirements by $55,632.  

CCFEL, a subsidiary of the Company regulated by the Central Bank of Ireland (“CBI”), is subject to certain regulatory capital requirements in accordance with the Capital Requirements Regulation 575/2013 and applicable CBI requirements.  As of March 31, 2020, the total minimum required net capital was $945, and actual net capital in CCFEL was $2,194, which exceeded the minimum requirements by $1,249 and was in compliance with the net liquid capital provisions.



CCFL, a subsidiary of the Company and an entity regulated by the FCA, is subject to the net liquid capital provision of the Financial Services and Markets Act 2000, GENPRU 2.140R to 2.1.57R, relating to financial prudence with regards to the European Investment Services Directive and the European Capital Adequacy Directive, which requires the maintenance of minimum liquid capital, as defined therein. As of March 31, 2020, the total minimum required net liquid capital was $145, and net liquid capital in CCFL was $627, which exceeded the minimum requirements by $482 and was in compliance with the net liquid capital provisions.