# Reports to be Made by Certain Brokers and Dealers
> **US Securities and Exchange Commission** · Final rule. · Published 1998-07-13 · Effective 1998-08-12 · 63 FR 37668
## Document
- **Document number:** 98-18292
- **Category:** final-rule
- **Agency:** US Securities and Exchange Commission
- **Federal Register citation:** 63 FR 37668
- **CFR reference:** 17 CFR 240
- **Publication date:** 1998-07-13
- **Effective date:** 1998-08-12
- **Docket:** Release No. 34-40162
## Abstract

The Securities and Exchange Commission (``Commission'') is amending Rule 17a-5 under the Securities Exchange Act of 1934 (``Exchange Act'') to require broker-dealers to file with the Commission and their designated examining authority (``DEA'') at designated times two separate reports regarding their Year 2000 compliance. The reports will increase broker-dealer awareness that they should be taking specific steps now to prepare for the Year 2000; facilitate coordination with self regulatory organizations of industry- wide testing, implementation, and contingency planning; supplement the Commission's examination module for Year 2000 issues and identify potential Year 2000 problems; and provide information regarding the securities industry's preparedness for the Year 2000. The reports are designed to be available to the public which will enable broker-dealer counterparties and others to assess the risks of doing business with a broker-dealer that may not be Year 2000 compliant.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1998/07/13/98-18292/reports-to-be-made-by-certain-brokers-and-dealers)
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