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Note 25 - Net Capital Requirements | 12 Months Ended
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Dec. 31, 2020
Notes to Financial Statements |
Net Capital Under Securities and Exchange Commission Regulation Disclosure [Text Block] | 25 . NET CAPITAL REQUIREMENTS ﻿ JVB is subject to the net capital provision of Rule 15c3 - 1 under the Exchange Act, which requires the maintenance of minimum net capital, as defined therein. ﻿ CCFEL, a subsidiary of the Company regulated by the CBI is subject to certain regulatory capital requirements in accordance with the Capital Requirements Regulation 575/2013 and applicable CBI requirements. ﻿ At December 31, 2019 CCFL, a subsidiary of the Company regulated by the FCA, was subject to the net liquid capital provision of the Financial Services and Markets Act 2000, GENPRU 2.140R to 2.1.57R, relating to financial prudence with regards to the European Investment Services Directive and the European Capital Adequacy Directive, which requires the maintenance of minimum liquid capital, as defined therein. CCFL cancelled its FCA license on November 25 2020; therefore it was not subject to maintain a minimum liquid capital as of December 31, 2020. ﻿ The following tables shows the actual net capital (in the case of the JVB) and actual net liquid capital (in the case of CCFL and CCFEL) as compared to the required amounts for the periods indicated.
STATUTORY NET CAPITAL REQUIREMENTS
(Dollars in thousands)
|  | As of December 31, 2020 |
|  | Actual Net Capital or Liquid Capital |  |  | Amount Required |  |  | Excess |
JVB |  | $ | 66,803 |  |  | $ | 250 |  |  | $ | 66,553 |
CCFEL |  |  | 2,023 |  |  |  | 707 |  |  |  | 1,316 |
Total |  | $ | 68,826 |  |  | $ | 957 |  |  | $ | 67,869 |
﻿
|  | As of December 31, 2019 |
|  | Actual Net Capital or Liquid Capital |  |  | Amount Required |  |  | Excess |
JVB |  | $ | 58,821 |  |  | $ | 565 |  |  | $ | 58,256 |
CCFEL |  |  | 2,246 |  |  |  | 948 |  |  |  | 1,298 |
CCFL |  |  | 543 |  |  |  | 182 |  |  |  | 361 |
Total |  | $ | 61,610 |  |  | $ | 1,695 |  |  | $ | 59,915 |

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