Broker-dealers get six more months before daily cash reserve checks begin

The US Securities and Exchange Commission is delaying a rule that requires certain broker-dealers to check their cash reserves daily. Instead of starting on December 31, 2025, the new daily checks will begin on June 30, 2026. This gives these firms an extra six months to prepare for the stricter accounting.

This is a small delay in a significant shift for how broker-dealers manage risk. For decades, these firms could calculate their required cash reserves weekly. Moving to daily calculations means they must keep more cash on hand at all times, reducing their ability to use client funds for other purposes. The delay suggests some firms are struggling to adapt their systems to this new, tighter standard.