CFTC Staff Issues No-Action Relief to Futures Commission Merchants and Introducing Brokers Regarding the Capital Treatment of Deferred Tax Liabilities Resulting from Changes in Accounting Principles

By Newsroom America Feeds at 5 Jan 2018

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CFTC Staff Issues No-Action Relief to Futures Commission Merchants and Introducing Brokers Regarding the Capital Treatment of Deferred Tax Liabilities Resulting from Changes in Accounting Principles http://www.cftc.gov/PressRoom/PressReleases/pr7669-18.html?utm_source=govdelivery 01/05/2018 09:56 AM EST *The Commodity Futures Trading Commissions Division of Swap Dealer and Intermediary Oversight announced today that it has issued no-action relief to registered futures commission merchants and introducing brokers to exclude deferred tax liabilities that are directly related to the capitalized costs of certain non-allowable assets when computing their adjusted net capital under Regulation 1.17.

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