Regulatory Requirements |
12 Months Ended |
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Dec. 31, 2021 | |
| Regulatory Requirements [Abstract] | |
| Regulatory Requirements |
13. Regulatory Requirements
The Company’s broker-dealer subsidiary, G.distributors, is
subject to certain net capital requirements. G.distributors computes its net capital under the alternative method permitted, which requires minimum net capital of the greater of $250,000 or 2% of the aggregate debit items in the reserve
formula for those broker-dealers subject to Rule 15c3-3 promulgated under the Securities Exchange Act of 1934, as amended. The requirement was $250,000
for the broker-dealer at December 31, 2021 and 2020. At December 31, 2021 and 2020, G.distributors had net capital, as defined in the Rule, of approximately $1.9
million and $1.4 million, respectively, exceeding the regulatory requirement by approximately $1.6 million and $1.1 million, respectively.
The Company’s subsidiary, GAMCO Asset Management (UK) Limited is authorized and regulated by the Financial Conduct Authority (“FCA”). In February
2011, GAMCO Asset Management (UK) Limited increased its permitted license with the FCA’s predecessor, the Financial Services Authority. At December 31, 2021 and 2020, GAMCO Asset Management (UK) Limited held total capital of £746 thousand and £708 thousand ($1.0 million and $961 thousand),
respectively, and had a Financial Resources Requirement of £310 thousand and £195 thousand ($419 thousand and $265 thousand), respectively. These minimum requirements have consistently been met or exceeded.
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