Proposed Rule
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(additions are underscored and deletions are
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SECTION 2. ELIGIBILITY TO GUARANTEE IBS
(a) A Member FCM which knows or should know that its Adjusted Net Capital is less than the greatest of:
- (i)
may not enter into a guarantee agreement with an IB until it files three successive month-end statements where the Member FCM's Adjusted Net Capital is equal to or greater than the amount required by this subsection.