The SEC & the Year 2000:
Notices and Certifications Filed Pursuant to Rule 15b7-3T Operational Capability in a Year 2000 Environment
You have reached the website where you can access notices and certifications filed by brokers or dealers pursuant to Rule 15b7-3T under the Securities Exchange Act of 1934 Operational Capability in a Year 2000 Environment.
Background: Using This Material
Effective August 30, 1999, Rule 15b7-3T requires any broker or dealer that uses computers in the conduct of its business as a broker or dealer to notify the SEC and its designated examining authority ("DEA") if it has or is presumed to have a material Year 2000 problem at any time on or after August 31, 1999. The term "material Year 2000 problem" and the conditions giving rise to a presumption of a material Year 2000 problem are defined in Rule 15b7-3T.
Rule 15b7-3T also requires a broker or dealer that has or is presumed to have a material Year 2000 problem on or after August 31, 1999 to cease conducting its securities business unless it satisfies certain conditions. Among these conditions is a requirement that the broker or dealers' chief executive officer (or an individual with similar authority) file a certification with the SEC and its DEA stating that the broker or dealer will remedy its material Year 2000 problem no later than November 15, 1999, and explaining how it will do so. Rule 15b7-3T further requires any broker or dealer that files an initial certification to update any certification that becomes inaccurate or misleading, and to file a final certification on or before November 15, 1999 stating either that the broker or dealer has remedied its Year 2000 problem or that it will cease conducting its securities business.
You may access copies of notices and certifications filed by brokers or dealers pursuant to Rule 15b7-3T through this web site. Many brokers or dealers that file a notice pursuant to Rule 15b7-3T stating that they have a material Year 2000 problem will also file one or more certifications under the rule explaining how they will remedy the problem before November 15, 1999. However, some brokers or dealers may file a notice only.
A broker or dealer that files a notice only is required to cease conducting its securities business immediately. A broker or dealer that files one or more certifications, but nonetheless fails to remedy its Year 2000 problems by November 15, 1999 is required to cease conducting its securities business by December 1, 1999.
For further details on the specific requirements of Rule 15b7-3T, see Year 2000 Operational Capability Requirements for Registered Broker-Dealers and Transfer Agents. July 29, 1999. Effective Date: August 30, 1999. [Release No. 34-41661; File No. S7-8-99] (File name: 34-41661.htm).
Limitations of the Information in This Website
- This website provides copies of filings made by brokers or dealers pursuant to Rule 15b7-3T. Copies of the filings appear in the form filed by the broker or dealer.
- Nothing in this website should be construed as a statement or implication by the SEC regarding the appropriateness or sufficiency of any filing made pursuant to Rule 15b7-3T.
- Nothing in this website should be construed as a statement or implication that the SEC agrees with or approves any of the information that appears in any filing made pursuant to Rule 15b7-3T.
- The SEC continues to add filings to this website. The absence of an entity from this site does not mean that the entity has not or will not file a notice pursuant to Rule 15b7-3T.
- The absence of an entity from this website does not mean that the entity will not experience a material Year 2000 problem on or after January 1, 2000.
Go to the listing now