Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 1452

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1A
Chunk 1452
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54)
 Acquisition / (surrender) of additional units in consolidated subsidiary, net   4   -   4 
 December 31, 2022   (955)  -   (955)
 Change in foreign currency items   25   -   25 
 Other comprehensive income / (loss), net   25   -   25 
 Acquisition / (surrender) of additional units in consolidated subsidiary, net   (14)  -   (14)
 December 31, 2023   (944)  -   (944)
 Change in foreign currency items   (48)  -   (48)
 Other comprehensive income / (loss), net   (48)  -   (48)
 Acquisition / (surrender) of additional units in consolidated subsidiary, net   (15)  -   (15)
 December 31, 2024  $(1,007) $-  $(1,007)

        F-
       66

   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.  CCFESA, a subsidiary of the Company, is regulated by the ACPR in France. CCFESA is subject to certain regulatory capital requirements in accordance with Articles L.533-2 et seq. of the French Financial and Monetary Code, implementing the new framework set out in the Investment Firm Regulation ("IFR") and the Investment Firm Directive ("IFD").  CCFEL cancelled its license with the CBI effective  April 7, 2022.
     ﻿ 
   The following tables shows the actual net capital for JVB and actual net liquid capital for CCFESA as compared to the required amounts for the periods indicated.
    
    STATUTORY NET CAPITAL REQUIREMENTS 
 (Dollars in thousands) 

       December 31, 2024  
   Actual Net Capital or Liquid Capital    Amount Required    Excess  
 JVB  $48,414  $250  $48,164 
 CCFESA   1,574   643   931 
 Total  $49,988  $893  $49,095