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Do FDMs and independent IBs that qualify for the enhanced supervisory requirements have higher capital requirements?

April 26, 2017Capital Enhanced fdms IBS independent qualify requirements supervisory

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Do FDMs and independent IBs that qualify for the enhanced supervisory requirements have higher capital requirements?

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Yes. See the Interpretive Notice 9021 for the specific capital requirements that apply. Affected Members can ask the Telemarketing Procedures Waiver Committee for a waiver from complying with the increased capital requirement.